Here's what it costs to live in Great Falls, Montana, based on the latest US government data. Renters pay a median of $866 per month, while the typical home is valued around $237,400. Households earn a median of $63,934 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
$63,934
Annual · Census ACS
Median Gross Rent
$866
Per month · Census ACS
Median Home Value
$237,400
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$960
HUD Fair Market Rent
1BR Fair Market Rent
$979
HUD FMR
2BR Fair Market Rent
$1,284
HUD FMR
3BR Fair Market Rent
$1,786
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
60,412
Latest estimate
Median Age
39.3 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Great Falls?
The cost of living index for Great Falls is not yet available in our database.
What is the median rent in Great Falls?
The median gross rent in Great Falls is $866 per month according to US Census ACS data.
What is the median household income in Great Falls?
The median household income in Great Falls is $63,934 per year.
What is the median home value in Great Falls?
The median home value in Great Falls is $237,400 based on the latest Census ACS survey.
How is the air quality in Great Falls?
Air quality data for Great Falls is not yet available.
What are the taxes like in Great Falls?
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