Cost of Living in Missoula, MT

Population 75,600 · Montana · Data vintage 2023

118
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Missoula's cost indicators track within a reasonable band of national figures, with median household incomes near $65,329 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Missoula lies roughly 160 miles east of the nearest major metro, Spokane Valley — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 24% higher than Spokane Valley's $344,000.

Cost Overview

Housing 140
Rent 85

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

About the Cost of Living in Missoula

The median home value in Missoula is $427,400 — 40% above the national median of $305,000. Median rent runs $1,120/month, 15% lower than the national median of $1,314/month. The median household income of $65,329/year is 12% lower than the US median of $74,580. The local unemployment rate is 4.7%, 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 56.7°F and lows of 33.6°F, with about 43" of annual snowfall. Overall, Missoula has a cost of living index of 118 versus the US average of 100, meaning it is 18% more expensive.

🏠 Housing

Median Home Value
$427,400
40% above avg
Zillow Home Value
$554,388
Zillow ZHVI
Median Rent
$1,120/mo
15% below avg
Zillow Rent
$1,485/mo
Zillow ZORI
Price-to-Rent Ratio
31.8x
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 47.8%
Renter-occupied 52.2%

💰 Estimated Monthly Budget

Rent median rent
$1,120
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,734/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
17.7 min
34% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.7%

Commute Mode

Drove alone
67.5%
Carpooled
7.8%
Public transit
2.0%
Walked
4.3%
Bicycle
4.1%
Work from home
13.7%

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
$65,329
12% below avg
Per Capita Income
$42,269
Unemployment Rate
4.7%
2% below avg
Poverty Rate
12.8%
Labor Force Participation
72.7%

🎓 Education

Bachelor's degree+ 31.7%
Graduate degree 19.9%

👥 Demographics

Median Age 34.3
Male median age 33.7
Female median age 34.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
56.7°F
Avg Low
33.6°F
Annual Precip
14.1"
Annual Snowfall
43"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323748566673858473564031
Low °F 182127324046525042322518
Precip" 0.960.880.921.361.772.140.850.830.961.181.181.08
Snow" 9.98.55.01.30.30.00.00.00.10.95.411.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 53 — Moderate
42.9%
Good air days/yr
134
Max AQI recorded
297
PM2.5 days
67
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

84%
4-Year Graduation Rate
15.8:1
Student-teacher ratio
24
Public schools
11,502
Total enrollment

Frequently Asked Questions

What is the cost of living in Missoula, MT?

Missoula has a cost index of 118 (100 = national average). It is 18% above the national average.

What is average rent in Missoula, MT?

The median gross rent in Missoula is $1,120 per month based on 2023 Census data.

What is the average home price in Missoula?

The median home value in Missoula is $427,400 according to Zillow and Census data.

What is the median income in Missoula?

The median household income in Missoula is $65,329 per year (2023 ACS 5-year estimates).

What is the sales tax in Missoula, MT?

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

Is Missoula, MT affordable?

Missoula is above average in cost of living, with an index of 118 — about 18% higher than the national average.

What is the weather like in Missoula?

Missoula has average high temperatures of 56.7°F and average lows of 33.6°F. Annual precipitation is 14.1". Average annual snowfall is 43". Data from NOAA 1991–2020 Climate Normals.

Missoula at a Glance

Population
75,600
Median Income
$65,329
Home Value
$427,400
Median Rent
$1,120/mo
Unemployment
4.7%
Avg High Temp
56.7°F
Sales Tax
0.0%
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