Cost of Living in Bozeman, MT

Housing

The housing market plays a significant role in determining the cost of living in Bozeman, MT.

• Housing Index: 105.0 / 100
• Median Home Price is: $411000
• Average Rent (2 BR Apartment): $1600 per month
• Average Rent (2 BR House): $1645 per month

Considering a move to Bozeman, MT? With a vibrant population of , this locale boasts a youthful median age of . The city has a median income of , indicating a relatively healthy economy. Although only 30.0% of families are married, the low unemployment rate of suggests ample job opportunities. Additionally, the poverty level rests at 9%, reflecting overall economic stability. Evaluate these metrics against your personal lifestyle and priorities to determine if Bozeman is the right fit for your next chapter.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bozeman, 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.): $220 per month

Living in Bozeman, 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 220 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 95.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $74113

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Bozeman, MT, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.