Butte, MT

Very Low · 63

Montana · Population 34,929 · Updated March 2026

$808
Median Rent / Month
$57,633
Median Income
$225,100
Median Home Value
$888
Owner Costs / Month

Affordability

How far your income goes in Butte

16.8%
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

$9,696
Annual Rent
$3,890
State Income Tax
$1,666
Property Tax (est.)

Cost of Living Overview

Butte is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 63 (where 100 equals the national median), Butte residents can expect to pay median rent of $808/month while earning a median household income of $57,633/year.

The median home value in Butte, MT is $225,100, with typical monthly owner costs around $888 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.8% 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 Butte.

Frequently Asked Questions

Common questions about living costs in Butte

What is the cost of living in Butte, MT?
The cost of living index in Butte, MT is 63 (US average = 100). Median monthly rent is $808, median household income is $57,633/year, and the median home value is $225,100.
Is Butte, MT affordable?
Yes, Butte is more affordable than the national average with a cost index of 63. The rent-to-income ratio is 16.8%—below the 30% threshold considered affordable by HUD.
What is the average rent in Butte, MT?
The median gross rent in Butte, MT is $808 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,696.
What is the median household income in Butte?
The median household income in Butte, MT is $57,633 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%.