Quick facts: Bozeman, MT

Quick Facts

104.7
Cost of Living
above US average
56,123
Population
20.7
Crime Rate per 1000
below US average
$74,113
Median Income
below US average
$625,000
Median House Price
above US average
$2436.92
Average Rent
above US average
9%
Poverty Rate
below US average
2.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $74,113.

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Income Needed to Buy

βœ— Stretch
$196k/year
Based on $625,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $196k vs median $74,113
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Income Needed to Rent

⚠ Stretch
$104k/year
Based on $2436.92/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $104k vs median $74,113
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bozeman, MT

Bozeman, Montana, is a vibrant city nestled in the scenic Gallatin Valley, surrounded by stunning mountain ranges. Known for its outdoor recreational opportunities, Bozeman is a gateway to Yellowstone National Park and offers access to hiking, skiing, mountain biking, and fishing. The city is home to Montana State University, contributing to its lively atmosphere and youthful spirit. Bozeman's downtown area features a charming mix of historic and modern architecture, with numerous shops, restaurants, and galleries. The city hosts various cultural events, including music festivals, farmers' markets, and art walks, fostering a strong sense of community. The climate is characterized by cold winters and warm summers, with plentiful sunshine throughout the year. With a growing economy and a focus on sustainability, Bozeman has attracted a diverse population and a thriving tech scene, making it an appealing place for residents and visitors alike. Whether you're seeking adventure in the great outdoors or looking to enjoy a cozy evening in town, Bozeman offers a unique blend of nature and culture that captivates all who visit.

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