Cost of Living in Billings, MT
Population 119,434 · Census ACS 2020–2024 5-year estimates
The median rent in Billings, MT is $1,138/month, 5% higher than the Montana median and 19% lower than the U.S. median. The median home value is $343,400, 3% higher than the national median. Households earn a median of $73,712 a year, about the same as the state median.
Affordability
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Billings vs. Montana vs. U.S.
| Billings | Montana | U.S. | |
|---|---|---|---|
| Median rent | $1,138 | $1,081 | $1,413 |
| Median home value | $343,400 | $375,800 | $332,700 |
| Median household income | $73,712 | $72,509 | $80,734 |
| Homeownership rate | 64.8% | 69.2% | 65.2% |
| Bachelor's degree or higher | 36.9% | 35.2% | 35.7% |
| Poverty rate | 9.8% | 11.5% | 12.5% |
| Unemployment rate | 3.5% | 3.6% | 5.2% |
| Work from home | 8.5% | 12.5% | 15.1% |
| Median age | 38.8 | 40.4 | 38.9 |
FAQ
What is the average rent in Billings, MT?
The median gross rent in Billings, MT is $1,138 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Billings, MT?
Using the common 30% rule, renting a median-priced home takes about $45,520 a year in gross income.
Is Billings, MT expensive to live in?
Rent there is 19% lower than the U.S. median, and the median home costs about 4.7 times the median household income.
Other cities in Montana
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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