Cost of Living in Inverness, MT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.3
100 = national avg
-5.7 vs national average
Living Wage (1 Adult)
$41,481
per year
Living Wage (Family of 4)
$98,047
per year
Cost Index by Category
Housing57.3
Food111.3
Transportation122.7
Healthcare109.1
Utilities98.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,069
per month
2 Bedroom
$1,307
per month
The overall cost of living index in Inverness is 94.3, which is 5.7% below the national average. Housing costs are below the national average at an index of 57.3. A single adult needs to earn approximately $41,481 per year to cover basic expenses.