Billings, MT Cost Of Living
Cost Of Living In Billings, MT Summary
Cost of living in Billings research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Billings is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Montana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Billings is 101, with 100 being the average.
The cost of living index in Billings is 1.0x higher than the national average.
Billings ranks as the #18 cheapest in Montana out of 23.
Billings ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Billings is $248,800.
The median income in Billings is $63,608.
Table Of Contents
Billings's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Billings, MT?
According to the most recent data on the cost of living, Billings has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Montana, Billings has a cost of living index that's 1.0x lower than Montana's index of 103.
The standard of living in Billings ranks as #18 most affordable out of the 23 places we measured in Montana. By definition, that implies Billings ranks as the #5 most expensive place in the Treasure State.
For more reading on life in Billings, check out:
- Living In Billings
- Billings Crime Report
- Search Homes For Sale In Billings, MT
In Montana
In America
Billings Cost Of Living Vs. Montana
Six factors go into calculating the cost of living index in Billings. Here is how it fairs on each of the criteria:
The Services index in Billings is 102.
The Groceries index in Billings is 100.
The Health index in Billings is 94.
The Housing index in Billings is 101.
The Transportation index in Billings is 91.
The Utilities index in Billings is 88.
| Living Expense | Billings | Montana | National Average | |
|---|---|---|---|---|
| Overall | 101 | 103 | 100 | |
| Services | 102 | 102 | 100 | |
| Groceries | 100 | 101 | 100 | |
| Health | 94 | 98 | 100 | |
| Housing | 101 | 107 | 100 | |
| Transportation | 91 | 111 | 100 | |
| Utilities | 88 | 89 | 100 | |
Billings, MT Housing Cost Breakdown
Housing swings affordability the most between places in Montana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Billings is $248,800.
The Median Rent in Billings is $965.
The Median Income in Billings is $63,608.
The Home Value To Income in Billings is 3.9x.
The Rent To Monthly Income in Billings is 0.18x.
| Statistic | Billings | Montana | United States |
|---|---|---|---|
| Median Home Value | $248,800 | $263,700 | $244,900 |
| Median Rent | $965 | $886 | $1,163 |
| Median Income | $63,608 | $60,560 | $69,021 |
| Home Value To Income | 3.9x | 4.4x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Billings, MT Costs By Category
Detailed Billings Services Costs Vs. Montana
Detailed Billings Groceries Costs Vs. Montana
Detailed Billings Health Costs Vs. Montana
Detailed Billings Transportation Costs Vs. Montana
Detailed Billings Utilities Costs Vs. Montana
Billings SnackAbility
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Cost Of Living In Cities Around Billings
The cost of living varies in the cities and towns around Billings. Here's a quick look at the cost of living in the most populous nearby places:
Laurel, MT has a cost of living index of 94, 0.9x Billings.
Lockwood, MT has a cost of living index of 96, 1.0x Billings.
| City | Population | Cost Of Living | Vs. Billings |
|---|---|---|---|
| Laurel, MT | 7,164 | 94 | 0.9x |
| Lockwood, MT | 7,162 | 96 | 1.0x |
