Cost of living in Libby
Libby, located in the scenic state of Montana, offers a unique blend of small-town charm and natural beauty. Understanding the cost of living in Libby is crucial for anyone considering moving to or visiting this picturesque locale.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to transportation and housing, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $25 on average, with a range between $18 and $30.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $68, with prices ranging from $50 to $120.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $14, with a range between $12.8 and $14.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4.5 to $8, imported beer $5 to $12, cappuccino $3 to $8, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.81 and $1.32 per liter, averaging $0.87.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $4.41, with an average price of $3.27.
- Eggs (Dozen) - A dozen eggs range from $1.29 to $4, averaging $3.16.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.18 to $4.41 per kg, while oranges range from $1.52 to $6.61 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.88 and $6.61 per kg, and lettuce costs $0.5 to $2.25 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.96 and $1.26 per liter.
- Taxi Fares - Taxi fares start at $2.5, with a cost of $1.55 to $1.74 per km and $30 to $40 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $28,000 and $36,656.56, while a Toyota Corolla ranges from $26,826.04 to $27,000.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - Monthly preschool costs range from $1,200 to $4,000, averaging $1,981.25.
- International Primary School, Yearly for 1 Child - Yearly costs for international primary school range from $15,000 to $16,950, averaging $15,975.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $90 and $255, averaging $108.
- Internet - Internet services range from $50 to $80, with an average cost of $58.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Libby, MT offers a moderate cost of living with affordable dining and grocery options. Housing costs can vary significantly, especially for private education.
Transportation costs are reasonable, with gasoline prices being relatively low. Utilities and internet services are also affordable, making Libby a cost-effective place to live.
Conclusion
In conclusion, Libby, MT presents a balanced cost of living, making it an attractive option for those seeking a small-town lifestyle with access to essential amenities.
While some costs, such as private education, can be high, the overall expenses remain manageable, offering a good quality of life for residents.