Cost of Living in Bozeman, MT
Population 56,114 · Census ACS 2020–2024 5-year estimates
The median rent in Bozeman, MT is $1,717/month, 59% higher than the Montana median and 22% higher than the U.S. median. The median home value is $687,900, 107% higher than the national median. Households earn a median of $85,747 a year, 18% higher than the state median.
Affordability
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Bozeman vs. Montana vs. U.S.
| Bozeman | Montana | U.S. | |
|---|---|---|---|
| Median rent | $1,717 | $1,081 | $1,413 |
| Median home value | $687,900 | $375,800 | $332,700 |
| Median household income | $85,747 | $72,509 | $80,734 |
| Homeownership rate | 44.7% | 69.2% | 65.2% |
| Bachelor's degree or higher | 65.1% | 35.2% | 35.7% |
| Poverty rate | 13.7% | 11.5% | 12.5% |
| Unemployment rate | 3.0% | 3.6% | 5.2% |
| Work from home | 16.1% | 12.5% | 15.1% |
| Median age | 28.9 | 40.4 | 38.9 |
FAQ
What is the average rent in Bozeman, MT?
The median gross rent in Bozeman, MT is $1,717 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Bozeman, MT?
Using the common 30% rule, renting a median-priced home takes about $68,680 a year in gross income.
Is Bozeman, MT expensive to live in?
Rent there is 22% higher than the U.S. median, and the median home costs about 8.0 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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