Cost of Living in Hardin, MT

Population 3,766 · Montana · Data vintage 2023

50
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Hardin is a smaller Montana community of around 4000 residents, where median household incomes of $60,463 and housing costs ($143,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 6.1%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Geographically, Hardin is about 45 miles east of Billings, the nearest large metro. Median home values run roughly 54% lower than Billings' $312,000.

Cost Overview

Housing 47
Rent 55

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Hardin

The median home value in Hardin is $142,800 — 53% below the national median of $305,000. Median rent runs $726/month, 45% lower than the national median of $1,314/month. The median household income of $60,463/year is 19% lower than the US median of $74,580. The local unemployment rate is 6.1%, above 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 59.4°F and lows of 37.0°F, with about 57.4" of annual snowfall. Overall, Hardin has a cost of living index of 50 versus the US average of 100, meaning it is 50% less expensive.

🏠 Housing

Median Home Value
$142,800
53% below avg
Zillow Home Value
$109,563
Zillow ZHVI
Median Rent
$726/mo
45% below avg
Price-to-Rent Ratio
16.4x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$930
1 BR
$1,018
2 BR
$1,266
3 BR
$1,671
4 BR
$1,925
Owner-occupied 56.7%
Renter-occupied 43.3%

💰 Estimated Monthly Budget

Rent median rent
$726
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,340/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
18.3 min
32% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
0.6%

Commute Mode

Drove alone
67.3%
Carpooled
27.0%
Walked
4.0%
Work from home
0.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 6.8%
Total Sales Tax 0.0%
State rate 0.0%
Avg local rate 0.0%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$60,463
19% below avg
Per Capita Income
$26,322
Unemployment Rate
6.1%
27% above avg
Poverty Rate
18.4%
Labor Force Participation
64.9%

🎓 Education

Bachelor's degree+ 16.2%
Graduate degree 14.1%

👥 Demographics

Median Age 34.2
Male median age 34.7
Female median age 32.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.4°F
Avg Low
37.0°F
Annual Precip
14.3"
Annual Snowfall
57.4"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 363949576777878674594636
Low °F 182027354452595849372719
Precip" 0.550.570.901.722.362.221.220.871.361.370.600.57
Snow" 10.69.18.27.50.90.00.00.00.34.56.59.8

🏫 Schools

NCES CCD 2019 — public school district data

82%
4-Year Graduation Rate
13.8:1
Student-teacher ratio
6
Public schools
1,922
Total enrollment

Frequently Asked Questions

What is the cost of living in Hardin, MT?

Hardin has a cost index of 50 (100 = national average). It is 50% below the national average.

What is average rent in Hardin, MT?

The median gross rent in Hardin is $726 per month based on 2023 Census data.

What is the average home price in Hardin?

The median home value in Hardin is $142,800 according to Zillow and Census data.

What is the median income in Hardin?

The median household income in Hardin is $60,463 per year (2023 ACS 5-year estimates).

What is the sales tax in Hardin, MT?

The combined state and local sales tax rate in Hardin is 0.0%. The Montana state income tax top rate is 6.8%.

Is Hardin, MT affordable?

Yes, Hardin is generally considered affordable, with a cost of living index of 50 — about 50% below the US national average of 100.

What is the weather like in Hardin?

Hardin has average high temperatures of 59.4°F and average lows of 37.0°F. Annual precipitation is 14.3". Average annual snowfall is 57.4". Data from NOAA 1991–2020 Climate Normals.

Hardin at a Glance

Population
3,766
Median Income
$60,463
Home Value
$142,800
Median Rent
$726/mo
Unemployment
6.1%
Avg High Temp
59.4°F
Sales Tax
0.0%
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