Montana's cost of living index is 100 — 0.0% above the US average of 100. Compare purchasing power and equivalent salaries across states.
CoL Index
100
US avg = 100
vs. National Avg
+0.0%
More expensive
Median Income
$57,153
Montana median household
Equiv. at US Avg
$57,153
Same purchasing power
| CoL Index | 100 | MIT/MERIC composite index (US avg = 100) |
| vs. National | +0.0% | Above average cost |
| Median Household Income | $57,153 | Montana median (2023 ACS) |
| National Purchasing Power | $57,153 | Equivalent $ at US avg CoL |
| Overall Category | Moderate | Qualitative classification |
| Population | 1,084,225 | 2020 US Census |
With a cost of living index of 100, Montana is roughly on par with the national average. Lower costs in Montana mean your dollar goes further. A salary of $57,153 in Montana provides the equivalent purchasing power of $57,153 in a state at the national average.
Housing is typically the largest driver of cost of living differences between states.Montana's median home price of $440,000 is significantly above the national median of approximately $310,000. Other factors include state income tax (6.75% top rate in Montana), sales tax (no state sales tax), and local property tax rates (0.84%).
