Bozeman, MT

Yes — Bozeman is about 35% more expensive than the national average, with an overall Cost Index of 135. Housing is the biggest factor: the typical home here is valued around $614,900, and monthly rents average roughly $1,611. Day-to-day costs like groceries and utilities tend to run closer to the national norm.

Start with housing. Typical monthly rent is $1,611, while local median household income is $79,903. That implies a rent-burden proxy of about 24% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

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 $614,900, that translates to roughly $4,550 per year in property taxes. There is no state sales tax.

The typical monthly rent in Bozeman is around $1,611. That's about 20% higher than the $1,348 national median. For comparison, the median home value here is $614,900, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Bozeman is valued at $614,900. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $3,109/month for principal and interest alone — before property taxes and insurance. About 45% of residents here own their homes.

Grocery prices in Bozeman 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: 74). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Bozeman is a smaller city with a population of about 55,042. The median age of residents is 28.6, skewing younger — often a sign of a college town or fast-growing area. The local poverty rate is 14.83%, near the national average of 12.4%.