Loading
Assembling your view…
Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Dollar for dollar, few states match Montana's value. 1 out of 1 cities undercut the national cost index of 111. Leading the pack: Billings at index 81, where median rent of $1,383/month saves renters $6,144/year versus the national median.
120,864 residents · Montana
A closer look at Billings: the cost index of 81 breaks down to a Housing index of 81 (strongest category) and a Healthcare index of 96 (weakest). Median rent is $1,383/month — 27% below the national median — while household income sits at $71,855, meaning locals spend about 23% of income on rent. That's a healthy margin by any standard (not adjusted for inflation, but still telling). Not flashy. Just effective.
#1 Ranked: Billings — cost index 81, rent $1,383/mo, income $71,855
1 of 1 cities come in below the national cost-of-living average of 111
Data sourced from Census Bureau, Zillow, BLS, and Tax Foundation — current as of 2026
Dollar for dollar, few states match Montana's value. 1 out of 1 cities undercut the national cost index of 111. Leading the pack: Billings at index 81, where median rent of $1,383/month saves renters $6,144/year versus the national median.
Real talk: Billings earns its position at #1 through a combination that's hard to replicate. The 81 cost index sits 30 points below the national baseline, and the $71,855 median income means purchasing power here is amplified by the low cost base. Homes list at $390,654 — $76,716 below the national median — a genuine ownership opportunity. On the cost side, Housing leads the way at 81, while Healthcare trails at 96.
Real talk: Bottom line: Billings leads this ranking for clear, data-backed reasons — but the "best" city depends on your priorities. Click into any city below to see the full detail page with 12-month trend charts, profession-specific salary data, and a breakdown of all five cost categories. If you're seriously considering a move, use our salary calculator to model your specific income against these numbers.
Cities are ranked by median household income using Census ACS data. Income alone doesn't tell the full story — we also show cost of living index so you can gauge real purchasing power in each city across Montana. All data is sourced from federal agencies and verified research institutions. Cost of living indices are normalized to 100 (national median) using Zillow rent as the primary signal, with sub-category adjustments derived from regional BLS price data. Rankings are updated monthly as new data is released.
Billings ranks #1 in Montana for this analysis with a cost index of 81 and median income of $71,855.
Our cost of living index uses real Zillow rent data as the foundation, indexed to 100 (national median). Sub-categories (housing, food, transport, utilities, healthcare) are derived from the overall index with regional adjustments. Data is updated monthly.
City data is refreshed monthly from Census Bureau population estimates, Zillow rent and home price indices, BLS salary data, and Tax Foundation tax rates. Last updated: 2026.
The median 1-bedroom rent in Billings is $1,383/month as of 2026, based on Zillow's Observed Rent Index. This is $512 below the national median of $1,895/month.
The median home price in Billings is $390,654, which is 5.4× the local median income. Most median-income households would stretch to buy at this ratio. The national median home price is $467,370.
Montana has a 5.9% state income tax rate. Combined state and local sales tax averages 0%, and the effective property tax rate is 0.74%.
This ranking was generated using data current as of early 2026. Population and income data comes from the Census Bureau's American Community Survey (5-year estimates). Rent and home price data is from Zillow's monthly releases. Tax rates are from the Tax Foundation's 2025 edition. Rankings are refreshed monthly.