Cost of Living in Bozeman, MT
Population: 55,042 • 2026 Data
$79,903
Median Household Income
+3% vs national
$1,611
Median Monthly Rent
+20% vs national
$614,900
Median Home Value
+81% vs national
3.1%
Unemployment Rate
Housing in Bozeman
The median home value in Bozeman, MT is $614,900. Monthly rent for a typical unit averages $1,611, while total monthly housing costs (including utilities and insurance) average $1,658.
Rent-to-income ratio: 24.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Bozeman, MT is $79,903. The unemployment rate stands at 3.1%, with a labor force of 34,974 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.