Salary & Cost of Living in Missoula, MT
Missoula, MT: $55,000 median salary, cost of living index 100, $10.55/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$55,000
$26/hr
Cost of Living
100
US avg = 100
Minimum Wage
$10.55
per hour
Unemployment
2.5%
rate
Missoula, MT Overview
Population
75,516
Median Salary
$55,000
Average Salary
$61,000
Avg Commute
18 min
Median Home Price
$440,000
Median Rent
$1,300/mo
Job Growth
+1.8%
Sales Tax
0%
Missoula is located in Montana with a population of 75,516. The median household salary is $55,000 per year ($26/hour), which is $4,384 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +1.8%.
Missoula Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Missoula, MT, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$42,986
$3,582.17/month · $1,653.31/biweekly · Effective Rate: 21.8%
Gross Pay
$55,000
Federal Tax
-$4,562
State Tax
-$3,245
Local Tax
$0
FICA
-$4,208
Net Pay
$42,986
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,583.33 | $55,000.00 |
| Federal Income Tax | -$380.13 | -$4,561.50 |
| Montana State Tax (5.9%) | -$270.42 | -$3,245.00 |
| Social Security (6.2%) | -$284.17 | -$3,410.00 |
| Medicare (1.45%) | -$66.46 | -$797.50 |
| Net Take-Home Pay | $3,582.17 | $42,986.00 |
Salary Comparison: Missoula vs Other Cities
See how Missoula's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Missoula, MT | $55,000 | 100 | $55,000 |
| National Average | $59,384 | 100 | $59,384 |
| Santa Ana, CA | $55,000 | 150 | $36,667 |
| Ontario, CA | $55,000 | 108 | $50,926 |
| New Haven, CT | $55,000 | 115 | $47,826 |
| Cape Coral, FL | $55,000 | 98 | $56,122 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Missoula
Missoula's cost of living index is 100 (national average = 100). Missoula's cost of living matches the national average.
Median Home Price
$440,000
Median Monthly Rent
$1,300
Annual Rent Cost
$15,600
Your Salary's Purchasing Power
Your $42,986 annual take-home pay in Missoula has the purchasing power of approximately $42,986 in an average-cost US area. Your $55,000 salary stretches further here than in most US cities.
Top Industries in Missoula
Missoula's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $55,000.
Salary Tips for Missoula Workers
- Maximize pre-tax deductions. With a 5.9% state income tax rate, maximizing 401(k) contributions (up to $23,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Missoula's top industries include Education, Healthcare, Tourism. Targeting roles in these sectors can help you earn above the $55,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Missoula, MT?
The median salary in Missoula, MT is $55,000 per year, or $26 per hour. The average salary is $61,000. This is $4,384 below the national median of $59,384.
What is the cost of living in Missoula, MT?
Missoula's cost of living index is 100 (national average = 100), meaning it is equal to the cost of living compared to the national average. The median home price is $440,000 and the median monthly rent is $1,300.
What are the best industries in Missoula?
The top industries in Missoula, MT include Education, Healthcare, Tourism. The city has a job growth rate of 1.8% and an unemployment rate of 2.5%. Workers in these industries often earn above the city's median salary of $55,000.
How does Missoula's salary compare to other cities?
Missoula's median salary of $55,000 is 7.4% below the national median of $59,384. However, when adjusted for cost of living (index: 100), the real purchasing power is approximately $55,000.
What is the minimum wage in Missoula, MT?
The minimum wage in Missoula, MT is $10.55 per hour. This equals approximately $21,944 per year for a full-time worker (40 hours/week). This is $3.30 above the federal minimum wage of $7.25/hour.