Home Affordability in Cascade County, MT on $60k
At a modeled 28% PITI-to-income target, your estimated affordable home price is about $211,847. Compared with the median home price of $243,300, that’s a stretch. This scenario lines up near the local median household benchmark.
Your salary
60,000/yr
Est. affordable home price
$211,847
Down payment (20%)
$42,369
Verdict
A stretch
Cost-of-living tier: moderate
What drives the budget here?
This area is generally mid-range based on a cost-of-living index of 100 (U.S. average = 100).
In the site’s estimated monthly breakdown, the largest category is Homeownership (principal + interest) (1,127.541/mo), so that’s the biggest lever for moving the overall budget up or down.
Practical next steps
- State income tax is on the higher side in this state (6.75%). That reduces take-home pay, so “affordable” decisions should be based on net income, not just gross.
Estimated affordable home price
$211,847 (28% housing-cost-to-income, 20% down, 30-year)
Down payment: $42,369
Comparison to median home in Cascade County, MT
Median home price: $243,300
Verdict: A stretch
Gap: $31,453 above your estimated affordable price.