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Cost of Living in Silver Bow County, MT

Population 35,785 · Census ACS 2020–2024 5-year estimates

Median rent$863
Median home value$255,200
Median household income$61,754

The median rent in Silver Bow County, MT is $863/month, 20% lower than the Montana median and 39% lower than the U.S. median. The median home value is $255,200, 23% lower than the national median. Households earn a median of $61,754 a year, 15% lower than the state median.

Affordability

Rent as a share of median income: 16.8%
Income needed for median rent (30% rule): $34,520/yr
Home price-to-income ratio: 4.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,290/mo

Run your own numbers: mortgage calculator · hourly to salary

Silver Bow County vs. Montana vs. U.S.

Silver Bow CountyMontanaU.S.
Median rent$863$1,081$1,413
Median home value$255,200$375,800$332,700
Median household income$61,754$72,509$80,734
Homeownership rate70.8%69.2%65.2%
Bachelor's degree or higher28.0%35.2%35.7%
Poverty rate14.8%11.5%12.5%
Unemployment rate4.1%3.6%5.2%
Work from home7.6%12.5%15.1%
Median age40.540.438.9

FAQ

What is the average rent in Silver Bow County, MT?

The median gross rent in Silver Bow County, MT is $863 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Silver Bow County, MT?

Using the common 30% rule, renting a median-priced home takes about $34,520 a year in gross income.

Is Silver Bow County, MT expensive to live in?

Rent there is 39% lower than the U.S. median, and the median home costs about 4.1 times the median household income.

Other counties in Montana

Yellowstone County, MTRent $1,131 · Income $76,570Gallatin County, MTRent $1,694 · Income $93,528Missoula County, MTRent $1,190 · Income $75,598Flathead County, MTRent $1,142 · Income $73,925Cascade County, MTRent $939 · Income $67,690Lewis and Clark County, MTRent $1,102 · Income $78,237

Counties with a similar cost of living

Bay County, MIRent $860 · Income $61,763Giles County, TNRent $862 · Income $62,307Newberry County, SCRent $872 · Income $61,780Marion County, TNRent $853 · Income $61,824Crockett County, TNRent $857 · Income $62,165Baker County, ORRent $865 · Income $60,936

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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