Cost of Living in Helena, MT

Population 33,126 · Montana · Data vintage 2023

102
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Helena's cost indicators track within a reasonable band of national figures, with median household incomes near $69,341 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Helena lies roughly 175 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 14% higher than Billings' $312,000.

Cost Overview

Housing 116
Rent 81

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

About the Cost of Living in Helena

The median home value in Helena is $355,100 — 16% above the national median of $305,000. Median rent runs $1,058/month, 19% lower than the national median of $1,314/month. The median household income of $69,341/year is 7% lower 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 57.7°F and lows of 33.4°F, with about 37.2" of annual snowfall. Overall, Helena has a cost of living index of 102 versus the US average of 100, meaning it is 2% more expensive.

🏠 Housing

Median Home Value
$355,100
16% above avg
Zillow Home Value
$466,393
Zillow ZHVI
Median Rent
$1,058/mo
19% below avg
Zillow Rent
$1,489/mo
Zillow ZORI
Price-to-Rent Ratio
28.0x
Favors renting
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 53.8%
Renter-occupied 46.2%

💰 Estimated Monthly Budget

Rent median rent
$1,058
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,672/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
15.4 min
43% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.0%

Commute Mode

Drove alone
65.4%
Carpooled
8.5%
Public transit
0.3%
Walked
8.3%
Bicycle
1.3%
Work from home
15.0%

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
$69,341
7% below avg
Per Capita Income
$46,129
Unemployment Rate
3.1%
36% below avg
Poverty Rate
9.1%
Labor Force Participation
62.4%

🎓 Education

Bachelor's degree+ 31.7%
Graduate degree 18.7%

👥 Demographics

Median Age 40.4
Male median age 38.5
Female median age 42.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.7°F
Avg Low
33.4°F
Annual Precip
11.4"
Annual Snowfall
37.2"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323748576675868573584333
Low °F 141725324249555345342314
Precip" 0.390.420.521.021.952.211.061.040.960.780.590.46
Snow" 6.66.64.62.90.10.00.00.30.22.85.47.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 45 — Good
65.8%
Good air days/yr
165
Max AQI recorded
182
PM2.5 days
183
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

86%
4-Year Graduation Rate
15.5:1
Student-teacher ratio
15
Public schools
8,031
Total enrollment

Frequently Asked Questions

What is the cost of living in Helena, MT?

Helena has a cost index of 102 (100 = national average). It is 2% above the national average.

What is average rent in Helena, MT?

The median gross rent in Helena is $1,058 per month based on 2023 Census data.

What is the average home price in Helena?

The median home value in Helena is $355,100 according to Zillow and Census data.

What is the median income in Helena?

The median household income in Helena is $69,341 per year (2023 ACS 5-year estimates).

What is the sales tax in Helena, MT?

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

Is Helena, MT affordable?

Helena is near the national average in terms of cost of living, with an index of 102 (100 = US average).

What is the weather like in Helena?

Helena has average high temperatures of 57.7°F and average lows of 33.4°F. Annual precipitation is 11.4". Average annual snowfall is 37.2". Data from NOAA 1991–2020 Climate Normals.