Cost of Living in Bozeman, MT
Population 55,042 · Montana · Data vintage 2023
(100 = US avg)
Housing in Bozeman is priced well above national norms — a median of $615,000, roughly 102% above the US figure — putting it among the more expensive markets in Montana.
Bozeman lies roughly 120 miles west of the nearest major metro, Billings — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 97% higher than Billings' $312,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Bozeman
The median home value in Bozeman is $614,900 — 102% above the national median of $305,000. Median rent runs $1,611/month, 23% higher than the national median of $1,314/month. The median household income of $79,903/year is 7% higher than the US median of $74,580. The local unemployment rate is 3.1%, below the national average of 4.8%. Montana's top state income tax rate is 6.8% and the combined sales tax is 0.0%. The climate averages highs of 56.8°F and lows of 29.1°F. Overall, Bozeman has a cost of living index of 170 versus the US average of 100, meaning it is 70% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 32 | 36 | 46 | 55 | 65 | 74 | 85 | 84 | 73 | 58 | 42 | 32 |
| Low °F | 10 | 13 | 22 | 29 | 38 | 44 | 49 | 47 | 40 | 29 | 18 | 10 |
| Precip" | 0.44 | 0.42 | 0.93 | 1.68 | 2.12 | 2.54 | 1.08 | 0.94 | 1.00 | 1.10 | 0.74 | 0.44 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Bozeman, MT?
Bozeman has a cost index of 170 (100 = national average). It is 70% above the national average.
What is average rent in Bozeman, MT?
The median gross rent in Bozeman is $1,611 per month based on 2023 Census data.
What is the average home price in Bozeman?
The median home value in Bozeman is $614,900 according to Zillow and Census data.
What is the median income in Bozeman?
The median household income in Bozeman is $79,903 per year (2023 ACS 5-year estimates).
What is the sales tax in Bozeman, MT?
The combined state and local sales tax rate in Bozeman is 0.0%. The Montana state income tax top rate is 6.8%.
Is Bozeman, MT affordable?
Bozeman is above average in cost of living, with an index of 170 — about 70% higher than the national average.
What is the weather like in Bozeman?
Bozeman has average high temperatures of 56.8°F and average lows of 29.1°F. Annual precipitation is 13.4". Data from NOAA 1991–2020 Climate Normals.
Bozeman at a Glance
- Population
- 55,042
- Median Income
- $79,903
- Home Value
- $614,900
- Median Rent
- $1,611/mo
- Unemployment
- 3.1%
- Avg High Temp
- 56.8°F
- Sales Tax
- 0.0%
Nearby Cities
Explore county-level cost of living data
Montana Rankings
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