Butte-Silver Bow (balance), Montana, 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-Silver Bow (balance), Montana

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-Silver Bow (balance), Montana 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-Silver Bow (balance), Montana 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-Silver Bow (balance), Montana, 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-Silver Bow (balance), Montana.

Frequently Asked Questions

Common questions about living costs in Butte-Silver Bow (balance), Montana

What is the cost of living in Butte-Silver Bow (balance), Montana, MT?
The cost of living index in Butte-Silver Bow (balance), Montana, 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-Silver Bow (balance), Montana, MT affordable?
Yes, Butte-Silver Bow (balance), Montana 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-Silver Bow (balance), Montana, MT?
The median gross rent in Butte-Silver Bow (balance), Montana, 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-Silver Bow (balance), Montana?
The median household income in Butte-Silver Bow (balance), Montana, 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%.