Rent prices & Income are updated as of June 3rd 2024

What's The Salary Needed To Survive In Montana For A Single Person?

How long ago was it when you moved out own your own? 5 years, 10 years, 30 years, even longer?

Unless you moved out just a couple years ago you might not realize just how much the cost to live on your own, and the cost to rent a place has gone up.

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When I moved to Montana, it was the first time I was going to be living on my own.

Prior to that, I had lived in college dorm rooms or had roommates to help split the cost of living.

Before I found a place to live, my parents and I sat down, looked at how much I was going to be making, and put together a budget to see just how much I could afford to spend on housing.

A for rent sign out side a rental

What's Median Cost Of Rent In Montana?

My first apartment back in 2000 was a 1 bedroom 1 bath that cost me $350.

Today, looking at Zillow, that same 1 bedroom 1 bath apartment would cost me almost $925.

When looking at the median rent price in Montana for all bedrooms and all property types you can expect to pay $1,800.

A wooden house with wood blocks spelling out rent and a red arrow going up

What's Median Cost Of Rent In Montana 5 Biggest Cities?

Taking a look at the cost of all bedrooms and all property types across the top 5 biggest cities in Montana we see the following stats.

  1. Billings - $1,466
  2. Missoula - $1,400
  3. Great Falls - $1,350
  4. Bozeman - $2,500
  5. Butte - $1,500

The website GoBankingRates has broken down how much a single person in every state would need to make to afford living on their own.

They have gone with a 50/30/20 split. 50% for rent, 30% for non-discretionary spending, and 20% toward savings and investments.

The salary amount is quite shocking for not only Montana, but also for the states surrounding us, which you can see in the gallery below. 👇

How Much Money Single People Need For Survival In Montana And Its Surrounding States

Thanks to the information from GoBankingRates, we now know how much you have to make as a single person to live in Montana and its surrounding states.

Gallery Credit: Nick Northern

Revealing The 15 Actually Cheapest Places To Live In Montana

If you want to live in Montana but not pay a fortune, here are the 15 cheapest places to live according to the website Upgraded Home

Gallery Credit: Nick Northern

The Top 10 Most Expensive Montana Towns To Live In

These 10 towns are where you can expect to pay the most to live in. Credit to HomeSnacks for all the statistics.

Gallery Credit: Nick Northern

10 Montana Towns With The Lowest Cost Of Living In 2023

Have the "big cities" become too expensive for you to live in? Why not make a move to one of these towns with the lowest cost of living in Montana for 2023. All information credited to Niche.

Gallery Credit: Nick Northern

The 10 Most Affordable Towns & Cities to Live in Montana for 2023

Thanks to website SmartAsset we can see the top 10 most affordable places to live in Montana for 2023.

Gallery Credit: Nick Northern

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