Cost of Living in Cut Bank, MT
Population 3,040 · Montana · Data vintage 2023
(100 = US avg)
Cut Bank is a smaller Montana community of around 3000 residents, where median household incomes of $55,848 and housing costs ($161,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.1% points to a labor market well on the tight side of the national distribution.
Located 235 miles east of Spokane Valley, Cut Bank is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 53% lower than Spokane Valley's $344,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Cut Bank
The median home value in Cut Bank is $161,400 — 47% below the national median of $305,000. Median rent runs $921/month, 30% lower than the national median of $1,314/month. The median household income of $55,848/year is 25% lower than the US median of $74,580. The local unemployment rate is 2.1%, 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 54.2°F and lows of 29.4°F. Overall, Cut Bank has a cost of living index of 60 versus the US average of 100, meaning it is 40% less expensive.
Cut Bank has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 | 34 | 43 | 52 | 62 | 70 | 80 | 80 | 69 | 54 | 41 | 33 |
| Low °F | 11 | 12 | 20 | 28 | 37 | 45 | 50 | 48 | 40 | 30 | 20 | 13 |
| Precip" | 0.22 | 0.23 | 0.36 | 0.95 | 1.65 | 2.73 | 1.29 | 0.96 | 1.08 | 0.57 | 0.42 | 0.31 |
💨 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 Cut Bank, MT?
Cut Bank has a cost index of 60 (100 = national average). It is 40% below the national average.
What is average rent in Cut Bank, MT?
The median gross rent in Cut Bank is $921 per month based on 2023 Census data.
What is the average home price in Cut Bank?
The median home value in Cut Bank is $161,400 according to Zillow and Census data.
What is the median income in Cut Bank?
The median household income in Cut Bank is $55,848 per year (2023 ACS 5-year estimates).
What is the sales tax in Cut Bank, MT?
The combined state and local sales tax rate in Cut Bank is 0.0%. The Montana state income tax top rate is 6.8%.
Is Cut Bank, MT affordable?
Yes, Cut Bank is generally considered affordable, with a cost of living index of 60 — about 40% below the US national average of 100.
What is the weather like in Cut Bank?
Cut Bank has average high temperatures of 54.2°F and average lows of 29.4°F. Annual precipitation is 10.8". Data from NOAA 1991–2020 Climate Normals.
Cut Bank at a Glance
- Population
- 3,040
- Median Income
- $55,848
- Home Value
- $161,400
- Median Rent
- $921/mo
- Unemployment
- 2.1%
- Avg High Temp
- 54.2°F
- Sales Tax
- 0.0%
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Explore county-level cost of living data
Montana Rankings
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