Bozeman, MT Cost Of Living
Cost Of Living In Bozeman, MT Summary
Cost of living in Bozeman 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 Bozeman 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 Bozeman is 107, with 100 being the average.
The cost of living index in Bozeman is 1.1x higher than the national average.
Bozeman ranks as the #21 cheapest in Montana out of 23.
Bozeman ranks as the #3,867 cheapest out of 6,412 in the US.
The median home value in Bozeman is $466,400.
The median income in Bozeman is $67,354.
Table Of Contents
Bozeman's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Bozeman, MT?
According to the most recent data on the cost of living, Bozeman has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to Montana, Bozeman has a cost of living index that's 1.0x higher than Montana's index of 103.
The standard of living in Bozeman ranks as #21 most affordable out of the 23 places we measured in Montana. By definition, that implies Bozeman ranks as the #2 most expensive place in the Treasure State.
For more reading on life in Bozeman, check out:
- Living In Bozeman
- Bozeman Crime Report
- Search Homes For Sale In Bozeman, MT
In Montana
In America
Bozeman Cost Of Living Vs. Montana
Six factors go into calculating the cost of living index in Bozeman. Here is how it fairs on each of the criteria:
The Services index in Bozeman is 106.
The Groceries index in Bozeman is 102.
The Health index in Bozeman is 93.
The Housing index in Bozeman is 136.
The Transportation index in Bozeman is 93.
The Utilities index in Bozeman is 89.
| Living Expense | Bozeman | Montana | National Average | |
|---|---|---|---|---|
| Overall | 107 | 103 | 100 | |
| Services | 106 | 102 | 100 | |
| Groceries | 102 | 101 | 100 | |
| Health | 93 | 98 | 100 | |
| Housing | 136 | 107 | 100 | |
| Transportation | 93 | 111 | 100 | |
| Utilities | 89 | 89 | 100 | |
Bozeman, 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 Bozeman is $466,400.
The Median Rent in Bozeman is $1,229.
The Median Income in Bozeman is $67,354.
The Home Value To Income in Bozeman is 6.9x.
The Rent To Monthly Income in Bozeman is 0.22x.
| Statistic | Bozeman | Montana | United States |
|---|---|---|---|
| Median Home Value | $466,400 | $263,700 | $244,900 |
| Median Rent | $1,229 | $886 | $1,163 |
| Median Income | $67,354 | $60,560 | $69,021 |
| Home Value To Income | 6.9x | 4.4x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Bozeman, MT Costs By Category
Detailed Bozeman Services Costs Vs. Montana
Detailed Bozeman Groceries Costs Vs. Montana
Detailed Bozeman Health Costs Vs. Montana
Detailed Bozeman Transportation Costs Vs. Montana
Detailed Bozeman Utilities Costs Vs. Montana
Bozeman SnackAbility
/10
Cost Of Living In Cities Around Bozeman
The cost of living varies in the cities and towns around Bozeman. Here's a quick look at the cost of living in the most populous nearby places:
Belgrade, MT has a cost of living index of 97, 0.9x Bozeman.
Livingston, MT has a cost of living index of 94, 0.9x Bozeman.
| City | Population | Cost Of Living | Vs. Bozeman |
|---|---|---|---|
| Belgrade, MT | 10,555 | 97 | 0.9x |
| Livingston, MT | 8,110 | 94 | 0.9x |
