Here's what it costs to live in Billings, Montana, based on the latest US government data. Renters pay a median of $1,097 per month, while the typical home is valued around $311,800. Households earn a median of $71,855 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$71,855
Annual · Census ACS
Median Gross Rent
$1,097
Per month · Census ACS
Median Home Value
$311,800
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$1,016
HUD Fair Market Rent
1BR Fair Market Rent
$1,109
HUD FMR
2BR Fair Market Rent
$1,417
HUD FMR
3BR Fair Market Rent
$1,951
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
5.90%
Top marginal rate
State Sales Tax
None
No statewide sales tax
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
118,321
Latest estimate
Median Age
38.1 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Billings?
The cost of living index for Billings is not yet available in our database.
What is the median rent in Billings?
The median gross rent in Billings is $1,097 per month according to US Census ACS data.
What is the median household income in Billings?
The median household income in Billings is $71,855 per year.
What is the median home value in Billings?
The median home value in Billings is $311,800 based on the latest Census ACS survey.
How is the air quality in Billings?
Air quality data for Billings is not yet available.
What are the taxes like in Billings?
Montana has a top state income tax rate of 5.90% and no statewide sales tax (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology