Executive Financial Report: Cooke City (59020)
Evaluating relocation options in Park? The financial baseline for residing in Cooke City, MT (59020) indicates that a single adult needs roughly $3,346 monthly to cover basic survival expenses.
With typical rent and housing utilities averaging an affordable $745 per month—just 22% of baseline expenses—Cooke City offers exceptionally competitive shelter costs compared to wider metropolitan averages across Montana.
To maintain sustainable financial health in Cooke City (59020) using the popular 50/30/20 budgeting framework, your essential living expenses ($3,346/month) should not exceed 50% of your net take-home pay. Consequently, an individual needs a target gross annual salary of approximately $80,304 to cover necessities while building savings. On an hourly basis, working a standard 2,080-hour work year requires a minimum hourly living wage of $19.30/hour just to meet basic survival costs.
For a family of four (2 adults and 2 children), basic monthly expenditures in Cooke City increase to $7,353 per month ($88,236/year)—approximately 2.2x higher than the single-adult baseline. Childcare premiums and multi-bedroom housing represent the largest contributors to this family budget increase. Compared against the area median family income of $76,416, local wages provide a 1.90x coverage ratio relative to single-adult baseline expenses.
Commuting and transit expenses average $961 monthly in 59020, coupled with $418 in healthcare baselines. Tax obligations consume $555 monthly. Local tax structures remain a steady consideration for financial planning. Use our interactive tools below to adjust these benchmarks for your specific situation.