Cost of Living in Billings, MT
Population: 118,321 • 2026 Data
$71,855
Median Household Income
-7% vs national
$1,097
Median Monthly Rent
-19% vs national
$311,800
Median Home Value
-8% vs national
3.5%
Unemployment Rate
Housing in Billings
The median home value in Billings, MT is $311,800. Monthly rent for a typical unit averages $1,097, while total monthly housing costs (including utilities and insurance) average $1,177.
Rent-to-income ratio: 18.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Billings, MT is $71,855. The unemployment rate stands at 3.5%, with a labor force of 62,614 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.