Cost of Living in Billings, MT
2024 data from the Bureau of Economic Analysis
Cost Index
93.5
6.5% below avg
Housing Index
77.4
Median Income
$72,377
Median Rent
$1,045/mo
Cost Breakdown
Overall93.5 (-6.5%)
Housing77.4 (-22.6%)
Goods96.0 (-4.0%)
Utilities72.4 (-27.6%)
Other Services98.7 (-1.3%)
National average = 100
Income & Housing
Median Household Income
$72,377/year
Median Home Value
$292,300
Median Monthly Rent
$1,045/mo
Per Capita Income
$41,177/year
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Frequently Asked Questions
Is Billings, MT expensive to live in?
Billings, MT has a cost of living index of 93.5, which is 6.5% below the national average.
How much does housing cost in Billings, MT?
Housing costs in Billings, MT are indexed at 77.4 compared to the national average of 100. The median monthly rent is $1,045.
What is the average income in Billings, MT?
The median household income in Billings, MT is $72,377 per year.
What is the average home price in Billings, MT?
The median home value in Billings, MT is $292,300.