Cost of Living in Polson, MT

Population 5,334 · Montana · Data vintage 2023

91
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Polson is a smaller Montana community of around 5000 residents, where median household incomes of $51,463 and housing costs ($321,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 6.9% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Geographically, Polson lies roughly 145 miles east of the nearest major metro, Spokane Valley. Housing prices track closely with Spokane Valley's $344,000 median.

Cost Overview

Housing 105
Rent 70

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

About the Cost of Living in Polson

The median home value in Polson is $321,000 — 5% above 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 $51,463/year is 31% lower than the US median of $74,580. The local unemployment rate is 6.9%, 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 60.9°F and lows of 34.4°F. Overall, Polson has a cost of living index of 91 versus the US average of 100, meaning it is 9% less expensive.

🏠 Housing

Median Home Value
$321,000
5% above avg
Zillow Home Value
$542,976
Zillow ZHVI
Median Rent
$921/mo
30% below avg
Price-to-Rent Ratio
29.0x
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 52.6%
Renter-occupied 47.4%

💰 Estimated Monthly Budget

Rent median rent
$921
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,535/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
20.7 min
23% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.5%

Commute Mode

Drove alone
82.9%
Carpooled
7.8%
Walked
3.9%
Bicycle
1.4%
Work from home
2.5%

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
$51,463
31% below avg
Per Capita Income
$30,142
Unemployment Rate
6.9%
43% above avg
Poverty Rate
20.0%
Labor Force Participation
56.2%

🎓 Education

Bachelor's degree+ 16.9%
Graduate degree 11.5%

👥 Demographics

Median Age 42.9
Male median age 38.9
Female median age 45.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.9°F
Avg Low
34.4°F
Annual Precip
16.4"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 364253617178898877614334
Low °F 222227324046514942342722
Precip" 1.191.291.111.361.802.030.931.050.991.341.951.38

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 13 — Good
92.7%
Good air days/yr
157
Max AQI recorded
109
PM2.5 days
0
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

87%
4-Year Graduation Rate
14.9:1
Student-teacher ratio
5
Public schools
1,698
Total enrollment

Frequently Asked Questions

What is the cost of living in Polson, MT?

Polson has a cost index of 91 (100 = national average). It is 9% below the national average.

What is average rent in Polson, MT?

The median gross rent in Polson is $921 per month based on 2023 Census data.

What is the average home price in Polson?

The median home value in Polson is $321,000 according to Zillow and Census data.

What is the median income in Polson?

The median household income in Polson is $51,463 per year (2023 ACS 5-year estimates).

What is the sales tax in Polson, MT?

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

Is Polson, MT affordable?

Polson is near the national average in terms of cost of living, with an index of 91 (100 = US average).

What is the weather like in Polson?

Polson has average high temperatures of 60.9°F and average lows of 34.4°F. Annual precipitation is 16.4". Data from NOAA 1991–2020 Climate Normals.

Polson at a Glance

Population
5,334
Median Income
$51,463
Home Value
$321,000
Median Rent
$921/mo
Unemployment
6.9%
Avg High Temp
60.9°F
Sales Tax
0.0%
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