Cost of Living in Toole County, Montana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Toole County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Toole County, Montana
Toole's income challenge limits affordability
Toole County residents face the toughest housing affordability conditions in this analysis, with median household income of just $53,693—nearly $21,000 below the national median of $74,755. The 16.8% rent-to-income ratio sits modestly below national norms, but translates into genuine financial strain on lower-earning households.
Below-average income, median-range rents
Toole County's 16.8% rent-to-income ratio sits just above Montana's state average of 15.9%, but the county's significantly lower median income ($53,693 vs state context) creates real affordability pressure. The $753 rent is among Montana's lowest, yet still burdensome for this population.
Cheap rent, limited income
Toole's $753 rent rivals Teton County's affordability advantage, but the county's lower household income means that rent still consumes a larger income percentage. Neighboring Wheatland County faces similar income challenges with comparable housing costs.
Ownership costs outpace rental affordability
At $753 monthly, rent represents 16.8% of the median $53,693 income, but ownership is steeper: the median monthly cost of $958 reflects the $187,400 home value. For lower-income households here, homeownership requires careful financial planning despite affordable nominal prices.
Opportunity for relocating remote workers
If you're relocating with stable income from outside the county, Toole offers some of Montana's cheapest housing—rent under $800 and homes under $190,000. However, local wages are modest, so moving here works best if your income isn't dependent on regional employment.
Affordability Calculator
See how your income compares to housing costs in Toole County
Rent Burden
16.8%
of gross income
Max Housing (28% Rule)
$1,253
per month
Owner Cost Burden
21.4%
of gross income
The median home in Toole County may be a stretch
Median home value is $187,400. Estimated monthly cost: $1,496 vs. your max of $1,253.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.