Thinking about moving to Billings, Montana? You probably have questions about the cost of living in Billings Montana. This post dives into expenses in Billings.
We’ll explore everything from housing and groceries to transportation and entertainment, giving you a realistic view of the cost of living in Billings Montana.
Ready to take the first step in your real estate journey in Billings? Reach out Cari Baxter today and discover a real estate service that’s as unique as your property dreams.
Whether buying or selling, finding your ideal home journey begins here.
Cost of Living in Billings Montana: A Comprehensive Overview
Billings, Montana’s largest city, offers a mix of outdoor adventure and urban living, but what does it cost to live there?
The cost of living in Billings Montana includes factors like housing, utilities, groceries, and healthcare.
The median household income is an important factor when comparing living costs to other cities.
While the housing market has grown, Billings still offers more affordable living compared to larger metropolitan areas.
A living comparison between Billings and other cities shows it remains a budget-friendly option, offering a good balance of city life and outdoor activities.
When finding your perfect neighborhood, consider the unique combination of affordable housing and easy access to nature, ensuring that you can enjoy both the conveniences of city living and the beauty of outdoor adventures.
Whether renting or buying, understanding Billings’ housing market can help you make the right decision.
Housing Costs
Housing in Billings is generally cheaper than the national average, making it an attractive option for both buyers and renters.
The median home price in Billings is significantly lower than the national median, offering more affordable homeownership opportunities.
As of 2024, the average rent for apartments in Billings, MT, ranges from $1,141 to $1,642. A studio apartment typically costs $1,141, while a 1-bedroom apartment averages $1,397. For a 2-bedroom apartment, the average rent is $1,642.
According to BestPlaces data, housing costs in Billings are 5.4% below the U.S. average, making it a more budget-friendly option compared to many other cities across the country.
This affordability is a key reason why many are choosing to move to Billings.
The rental price information provided for Billings, MT is based on data from 2024. These figures may fluctuate in the coming years due to several factors like inflation, economic conditions, and local market trends.
Food Costs in Billings
Housing in Billings is affordable, but groceries can be a bit more expensive than the national average.
According to a recent study, groceries cost approximately around $574 per person each month for a typical Western diet.
However, actual costs vary based on personal eating habits and household income.
Transportation Expenses
Public transportation in Billings is limited, so most residents rely on cars. Transportation costs in the city average about $10,545 annually per adult, according to MIT.
Gas prices in Montana can vary, so it’s important to keep in mind that transportation expenses may fluctuate.
When calculating the cost of living in Billings Montana, be sure to account for changing gas prices, variations in rent, and the limited public transportation options available.
These factors are essential in getting an accurate picture of the overall cost of living in Billings Montana and your potential expenses.
Healthcare Costs
Healthcare costs in Billings are relatively reasonable. They are near the national average.
Actual costs depend on health insurance plans and specific healthcare needs. This variability impacts Billings cost of living calculations for individuals.
Review resources for specific Billings healthcare cost data for a detailed view.
Childcare
Childcare is a significant expense in Billings. Annual childcare costs for one child is around $9,661, according to MIT’s living wage calculator.
This cost can vary, but it remains a key part of the budget for families in Billings. When you compare costs, childcare can be a substantial expense on top of other living costs.
In addition to childcare, the monthly rent price in Billings can vary depending on location and amenities.
Billings offers a variety of housing options, so it’s important to consider both childcare and rent prices when planning your expenses.
These factors help give a clearer picture of the cost of living in the city.
Entertainment and Leisure
Billings provides opportunities for entertainment and leisure activities, which are important for people living in the area.
Include recreation costs in your Billings, MT cost of living budget. You can enjoy the Billings Brew Trail, visit parks and museums, or take part in nearby outdoor activities.
For an income family, these activities are essential when planning your lifestyle in Billings. Contact Cari Baxter, a REALTOR who understands your needs, to find the right home for you!
FAQs about Cost of Living in Billings Montana
Is It Expensive to Live In Billings, MT?
Billings’ cost of living is lower than the national average, mainly due to affordable housing. Billings prices for housing are more reasonable than in larger cities.
How Much Do You Need to Make to Live Comfortably in Billings, Montana?
A comfortable income in Billings depends on factors such as family size and preferred lifestyle.
Estimates indicate about $70,920 per year for a family is reasonable, according to BestPlaces.
Remember, MT’s living wage calculation offers another perspective on required income in Billings.
Consider using a living calculator for a personalized estimate, accounting for potential differences in median household income for Billings versus the national average.
What Is a Good Salary in Billings, Montana?
A “good” salary in Billings depends on your career goals and personal situation. According to data sourced from ZipRecruiter, the average annual salary in Billings is $61,455, which is approximately $29.55 per hour as of November 2024.
What Are Billings Montana Winters Like?
Billings winters can be quite harsh, with significant snow and below-freezing temperatures.
Prepare for severe winter conditions when planning a move to Billings, and be ready for Montana’s tax rate differences.
Time to Take Action: Your New Chapter Begins
Understanding the cost of living in Billings Montana involves evaluating your income, needs, and lifestyle. While some expenses may be higher than the national average, affordable housing and amenities in Billings offer a balanced environment.
Whether Billings is right for you depends on your circumstances. Consider your real estate goals and seek local advice for a smooth transition, including factors like mortgage rates, commute time, and Billings crime rates.
Compare the cost of living in Billings Montana with cities like Los Angeles, Las Vegas, or San Francisco to see where it stands.
As your journey in Billings’ real estate market ends, remember that 4th-generation Montanan REALTOR Cari Baxter, is here to help turn your property dreams into reality. Don’t wait – your success is my priority.
