Yes, living in Missoula, Montana, is generally considered expensive, particularly due to its housing market.
Understanding Housing Costs in Missoula
Missoula's real estate market plays a significant role in its overall cost of living. As a highly desirable location in Montana, housing prices reflect this demand.
Here's a snapshot of the housing market:
| Metric | Value (August 2024) |
|---|---|
| Median Home Sales Price | $504,900 |
Key points regarding Missoula's housing expenses:
- It is positioned among the most expensive towns in Montana for home sales.
- The median sales price has remained relatively stable over the past year.
- This stability follows a period of steady increases that occurred during the pandemic.
Overall Cost of Living Considerations
While housing is a primary driver, the high cost of homes in Missoula often correlates with higher expenses for other aspects of daily life, such as utilities, groceries, and services. For individuals and families considering a move to Missoula, understanding these significant housing costs is crucial for budgeting and financial planning. Although there are still some more affordable places to live across Montana, Missoula stands out as one of its pricier communities.
