Cost of Living in Red Lodge, MT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.9
100 = national avg
-5.1 vs national average
Living Wage (1 Adult)
$41,758
per year
Living Wage (Family of 4)
$98,700
per year
Cost Index by Category
Housing125.9
Food83.5
Transportation67.0
Healthcare86.8
Utilities95.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,109
per month
2 Bedroom
$1,417
per month
The overall cost of living index in Red Lodge is 94.9, which is 5.1% below the national average. Housing costs are above the national average at an index of 125.9. A single adult needs to earn approximately $41,758 per year to cover basic expenses.