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Old 01-12-2007, 02:38 PM
 
1 posts, read 1,953 times
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I am also in the process of looking at a job being offered to me in Missoula. I am interested in any information from current people living there or others who have considered it and why they did or did not move.

Thanks!
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Old 01-13-2007, 01:31 AM
 
2 posts, read 6,980 times
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Default zoo city

oh missoula....what a town.
the upside
politically active...i've had great debates with those left right and center, although I do agree, it leans left *which is unusual for montana.
friendly-people look you in the eye.they ask if they can pet your dog. you ask for directions, they give it to you plus the name of 4 people you might meet along the way
good local beer
great local hiking
close skiing
vibrant downtown
unversity draws lots of culture
the downside
low paying jobs-although montana just raised the minimum wage
cloudy winters-we have inversions
long winters-only bad if you don't do any winter sports
its many hours to many places* although this is bad AND good- it can feel isolating, but it can also feel peaceful
problems managing growth

AND...last time I checked gays were not trying to corrupt me, my kids or anyone else.
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Old 04-05-2008, 05:17 PM
 
Location: The Hi-line
139 posts, read 435,799 times
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Quote:
Originally Posted by grizzfan View Post
Absolutely BS! There are good paying jobs in Missoula, depending on your skills. Montana has suffered from an outright ban on our former extractive industries and we have very limited manufacturing. Construction and professional service industries, to include financial and medical, pay very good wages with benefits.

Missoula is a frustrating town to live in if your politics are moderate or right of center. The so-called "progressives" rule and not only do they not care about your opinion, they viciously attack it!!

But other than that, it's a nice place to live. Check out Linda Vista and most areas in the South Hills. We also have two quality private, faith-based high schools as well as three public HSs.

Tom
Good paying jobs? Good enough to support someone who wants to buy one of those $206,850.00 homes? That is the new median home price in Missoula County. A 30-year, 7% fixed-rate mortgage would be $1376.18/mo. plus $400/mo. tax and insurance. $1776.18/mo. housing costs. No bank will loan you that money if the monthly payment is over 28% of your income. That means you'll have to have a job that pays $44/hr. or $76,122 yearly salary. Are there jobs like that in Missoula? If there are, let me know.
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Old 04-05-2008, 08:07 PM
 
1,640 posts, read 4,381,530 times
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Quote:
Originally Posted by JetMech72 View Post
Good paying jobs? Good enough to support someone who wants to buy one of those $206,850.00 homes? That is the new median home price in Missoula County. A 30-year, 7% fixed-rate mortgage would be $1376.18/mo. plus $400/mo. tax and insurance. $1776.18/mo. housing costs. No bank will loan you that money if the monthly payment is over 28% of your income. That means you'll have to have a job that pays $44/hr. or $76,122 yearly salary. Are there jobs like that in Missoula? If there are, let me know.
A household income of 76,122 is achievable in Missoula.


I don't know how you came up with $44/hr=76,122 a year. $44*2080 is $91,152.00 annually.
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Old 04-05-2008, 09:36 PM
 
Location: The Hi-line
139 posts, read 435,799 times
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Quote:
Originally Posted by truckingbronco View Post
A household income of 76,122 is achievable in Missoula.


I don't know how you came up with $44/hr=76,122 a year. $44*2080 is $91,152.00 annually.
Wow, I even reverse formulated what I wrote out and none of salary part of it is correct.

The correct part (mortgage) is 1376.18, I guessed at property tax and insurance, 400. 1,776.18 / .28 = 6,343.50 per month income. Let me times this by 12 now, before trying to find hourly wage. 12 * 6,343.50 = 76,122 WHAT? Okay, now 76,122 / 52 weeks = 1,463.88 per week / 40hrs = $36.60 per hour.
I am planning to move to Missoula and working in the diesel and equipment field. Starting pay at the company that I'm looking at, is $25/hr. $52,000/annual (or $41,507.96 after state and federal taxes). Leaving me only $968.52/mo. for mortgage+property tax+insurance. Say $200 for tax and insurance, thats $768.52 for mortgage. I'm using a business calculator to find the home price at 30 year 7% fixed rate. [N]=360, [I/Y]=.58, [PMT]=768.52, [FV]=0, COMP [PV]......= $115,514.37
So, the best job that I can get in Missoula will only pay me enough to get into a $115,514 home. That's well below the median home price there.
I could get married and make my wife go out and get a job at $11/hr.
Thank you for pointing out my mistake.

*I didn't take into account state and federal taxes on the $36/hr. needed for a home at the median price.*
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Old 04-05-2008, 09:40 PM
 
1,640 posts, read 4,381,530 times
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Quote:
Originally Posted by JetMech72 View Post
Wow, I even reverse formulated what I wrote out and none of salary part of it is correct.

The correct part (mortgage) is 1376.18, I guessed at property tax and insurance, 400. 1,776.18 / .28 = 6,343.50 per month income. Let me times this by 12 now, before trying to find hourly wage. 12 * 6,343.50 = 76,122 WHAT? Okay, now 76,122 / 52 weeks = 1,463.88 per week / 40hrs = $36.60 per hour.
I am planning to move to Missoula and working in the diesel and equipment field. Starting pay at the company that I'm looking at, is $25/hr. $52,000/annual (or $41,507.96 after state and federal taxes). Leaving me only $968.52/mo. for mortgage+property tax+insurance. Say $200 for tax and insurance, thats $768.52 for mortgage. I'm using a business calculator to find the home price at 30 year 7% fixed rate. [N]=360, [I/Y]=.58, [PMT]=768.52, [FV]=0, COMP [PV]......= $115,514.37
So, the best job that I can get in Missoula will only pay me enough to get into a $115,514 home. That's well below the median home price there.
I could get married and make my wife go out and get a job at $11/hr.
Thank you for pointing out my mistake.

*I didn't take into account state and federal taxes on the $36/hr. needed for a home at the median price.*
Good analysis though. I was just being a little nitpicky.
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Old 04-06-2008, 07:53 AM
 
Location: LEAVING CD
22,973 posts, read 24,181,058 times
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You also have to figure in down payment and most that are coming here bring a nice one with them.
Where I'm at we're seeing housing that's affordable, granted it's not 2500 sqft on 5 acres but 1300-1500 sqft on a city lot for under $200k.
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Old 04-06-2008, 09:31 AM
 
Location: The Hi-line
139 posts, read 435,799 times
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Originally Posted by jimj View Post
You also have to figure in down payment and most that are coming here bring a nice one with them.
Where I'm at we're seeing housing that's affordable, granted it's not 2500 sqft on 5 acres but 1300-1500 sqft on a city lot for under $200k.
Let's say that I have enough to pay 20% down. $115,514 / .8 = $144,392.50
I'd have to come to Missoula, from Havre with $28,878.50 in my pocket. I could almost buy a home out-right, for that amount, here in Havre.

One thing that I have noticed, is that home prices are dropping around the country. Zillow.com shows that the market has dropped in Missoula for the last month.
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Old 04-06-2008, 09:56 AM
 
Location: LEAVING CD
22,973 posts, read 24,181,058 times
Reputation: 15587
You really can't rely on zillow for figures. Do a search on this site for reasons why....
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Old 04-06-2008, 02:23 PM
 
Location: The Hi-line
139 posts, read 435,799 times
Reputation: 78
Quote:
Originally Posted by jimj View Post
You really can't rely on zillow for figures. Do a search on this site for reasons why....
I've been trying to find a good website to get good median home price figures. Any suggestions?

FYI. Lambros has the Median home price for the City of Missoula pegged at $256,742 as of fourth quarter '07
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