Cost of Living in Billings, MT
Housing
The housing market plays a significant role in determining the cost of living in Billings, MT.
- Housing Index: 90.0 / 100
- Median Home Price is: $308,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
When considering a move to Billings, MT, it's essential to analyze the housing metrics. With a housing index of 90.0, there’s potential affordability compared to national averages. The median home price sits at 308000, making it accessible for many buyers. Renting also remains relatively competitive, with an average rent of 1200 for a 2-bedroom apartment, and 1280 for a house. Furthermore, consider the local economy and amenities available, as these factors can significantly impact your living experience in Billings. Overall, this data suggests a market that may appeal to various lifestyles and budgets.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Billings, MT.
- Electricity Price: $13.58 USD (median by state)
- Natural Gas Price: $8.31 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Billings, MT could entail higher utility costs. Electricity costs sit at $13.58, while natural gas is priced at $8.31 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Billings is a financially viable option for your relocation.