Living here
Cost of living in Bozeman
Housing is much more expensive than the US average. Rents, home prices, taxes and how far a paycheck goes.
Median rent
$1,611/mo
20% above US
Median home value
$614,900
103% above US
Median household income
$79,903
2% above US
Rent as share of income
24%
US 21%
Home price to income
7.7×
US 3.9×
Sales tax
0%
Rent by number of bedrooms
HUD 2027 fair market rents for Bozeman, MT MSA (gross rent including utilities, near the 40th percentile of local rents). Source: HUD USER.
How Bozeman compares
Taxes
Life in Bozeman
Questions
Is Bozeman expensive to live in?
Housing in Bozeman is much more expensive than the national average: median rent is $1,611 (20% above US) and the median home value is $614,900 (103% above US).
How much is rent in Bozeman?
The median gross rent is $1,611 a month. HUD’s 2027 fair market rents for the area are studio $1,469, 1 bedroom $1,612, 2 bedrooms $2,109, 3 bedrooms $2,920, 4 bedrooms $3,487.
How much of their income do renters spend in Bozeman?
At the median, a year’s rent ($19,332) equals about 24% of the median household income ($79,903); nationally it’s about 21%.
What are taxes like in Bozeman?
Sales tax is 0% and property taxes run about 0.61% of home value a year.
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates; HUD fair market rents; Montana Department of Revenue, Local Resort Tax (current resort areas and rates).