Billings, MT
The cost of living in Billings, MT is 2% below the national average (Cost Index: 98). Homes here are typically valued around $311,800, compared to the $303,400 national median. The median household income is $71,855 — overall, living costs and earnings are reasonably balanced in this area.
Billings sits in the stretch zone: not impossible, but household feasibility will depend heavily on rent, down payment, debt load, and whether you are renting or buying. Start with the verdict panel, then compare scenarios before treating this city as affordable.Data Sources: U.S. Census Bureau ACS 2023 · BEA RPP 2023 · Zillow ZHVI
Based on your household income, housing mode, local rent, home value, property tax, and mortgage assumptions for Billings.
Cost of Living Breakdown
Each index uses 100 as the US national average. A score of 150 means 50% more expensive; 80 means 20% cheaper.
Billings Mortgage Calculator
Pre-filled with the local median home value of $311,800 and Montana's property tax rate of 0.74%.
Household Housing Budget
Local median household income is shown only as a place-side affordability input. Personal salary, filing status, and take-home pay analysis belong in salary.city.
Property Tax in Billings, MT
Montana Place Tax Context
Compare Billings to Another City
Compare place-side costs such as housing, rent, groceries, utilities, services, and tax context.
Cost of Living Comparison
Compare place-side housing, rent, goods, services, and utility pressure between cities.
Cost Index Comparison (100 = National Avg)
FAQ: Living in Billings
What is the cost of living like in Billings, MT?+
Living costs in Billings land close to the national average, with a Cost Index of 98 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $311,800, and typical monthly rents run around $1,383. Groceries and utilities are slightly below what you would find in most US cities.
How does Billings fit a household housing budget?+
Start with housing. Typical monthly rent is $1,383, while local median household income is $71,855. That implies a rent-burden proxy of about 23% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.
How much are taxes in Billings, MT?+
Montana has a progressive state income tax with a top rate of 5.9%. The effective property tax rate is 0.74%. On a home worth $311,800, that translates to roughly $2,307 per year in property taxes. There is no state sales tax.
How much does it cost to rent in Billings, MT?+
The typical monthly rent in Billings is around $1,383. That's close to the $1,348 national median. For comparison, the median home value here is $311,800, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Billings, MT?+
The median home in Billings is valued at $311,800. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,577/month for principal and interest alone — before property taxes and insurance. About 65% of residents here own their homes.
Are groceries and utilities expensive in Billings?+
Grocery prices in Billings are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 72). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Billings, MT like to live in?+
Billings is a mid-sized city with a population of about 118,321. The median age of residents is 38.1, which is close to the national median. The local poverty rate is 10.61%, near the national average of 12.4%.
Lower-Pressure Alternatives in Montana
If Billings feels tight, start with these same-state cities that look easier on rent burden or buy-side pressure.
Higher-Pressure Comparisons in Montana
Use these city pages when you want to compare Billings against tougher same-state markets before deciding whether the current city is already a stretch.
- Real Estate & Housing: Zillow Home Value Index (ZHVI, Smoothed & Seasonally Adjusted) and Zillow Observed Rent Index (ZORI). Structural fallback utilizes U.S. Census Bureau ACS 5-Year Estimates.
- Goods, Utilities & Services: U.S. Bureau of Economic Analysis (BEA) Metropolitan Area Regional Price Parities (MARPP), incorporating verified State Nonmetropolitan averages.
- Mortgage Rates: Freddie Mac 30-Year Fixed Rate Mortgage Average in the United States (PMMS) via Federal Reserve Economic Data (FRED).
- Tax Context: State-level property, sales, and income-tax context used for place-side relocation planning. Personal take-home pay and offer analysis are handled by salary.city.
- Index Methodology: Weighting matrix derived from Bureau of Labor Statistics (BLS) Consumer Expenditure Surveys (CEX) distributional models. Baseline standardized at 100. (Read methodology details)