Cost of Living in Essex, MT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
128.8
100 = national avg
+28.8 vs national average
Living Wage (1 Adult)
$56,677
per year
Living Wage (Family of 4)
$133,964
per year
Cost Index by Category
Housing163.2
Food106.1
Transportation112.2
Healthcare104.9
Utilities116.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,289
per month
2 Bedroom
$1,691
per month
The overall cost of living index in Essex is 128.8, which is 28.8% above the national average. Housing costs are above the national average at an index of 163.2. A single adult needs to earn approximately $56,677 per year to cover basic expenses.