Belgrade, MT

Above Avg · 125

Montana · Population 11,425 · Updated March 2026

$1,582
Median Rent / Month
$88,896
Median Income
$469,600
Median Home Value
$1,603
Owner Costs / Month

Affordability

How far your income goes in Belgrade

21.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Montana

State-level tax rates that affect your costs

6.75%
Income Tax (Top Rate)
0%
Sales Tax
0.74%
Property Tax Rate

Estimated Annual Costs

$18,984
Annual Rent
$6,000
State Income Tax
$3,475
Property Tax (est.)

Cost of Living Overview

Belgrade has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 125 (where 100 equals the national median), Belgrade residents can expect to pay median rent of $1,582/month while earning a median household income of $88,896/year.

The median home value in Belgrade, MT is $469,600, with typical monthly owner costs around $1,603 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Montana has a moderate income tax rate of 6.75%. Combined with a 0% sales tax rate and 0.74% effective property tax rate, the overall tax environment is a factor in the total cost of living in Belgrade.

Frequently Asked Questions

Common questions about living costs in Belgrade

What is the cost of living in Belgrade, MT?
The cost of living index in Belgrade, MT is 125 (US average = 100). Median monthly rent is $1,582, median household income is $88,896/year, and the median home value is $469,600.
Is Belgrade, MT affordable?
No, Belgrade is more expensive than the national average with a cost index of 125. The rent-to-income ratio is 21.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Belgrade, MT?
The median gross rent in Belgrade, MT is $1,582 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,984.
What is the median household income in Belgrade?
The median household income in Belgrade, MT is $88,896 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Montana?
Montana has a top income tax rate of 6.75%, a sales tax of 0%, and an effective property tax rate of 0.74%.