Cost of Living in Madison County, MT

How far does a $70,000 salary go in Madison County? Estimated income taxes on that gross salary total approximately $10,264 per year — combining federal taxes with Montana's state income tax. Subtract rent for a 2-bedroom apartment ($1,540/month based on HUD Fair Market Rents for the Madison County metro area) and the estimated annual take-home is $41,256, or roughly $3,438 per month for everything else: food, transportation, savings, and discretionary spending.

At a $70,000 salary, the estimated 2-bedroom rent in Madison County represents approximately 26% of gross income. That approaches the 30% threshold commonly used to define affordability. A smaller unit or a higher salary would improve the picture.