Mid-Size City117,116 people

Billings, MT

Discover how far your salary goes in Billings. Compare taxes, rent, and living costs.

Cost Index
105
⚖️ Average
Population

117,116

State Tax

6.8%

1BR Rent

$1,323

/month

vs National

-5%

below avg

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Rent Prices in Billings

🏠

Studio

$1,058

/month

$12,696/year

Most Common
🛏️

1 Bedroom

$1,323

/month

$15,876/year

🏡

2 Bedroom

$1,786

/month

$21,432/year

🏘️

3 Bedroom

$2,315

/month

$27,780/year

Taxes in Montana

State Income Tax

Montana

6.8%

For a $100k salary, that's ~$6,750/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Billings, MT?

Billings has a cost of living index of 105, which is 5% above the national average. A 1-bedroom apartment costs around $1,323/month.

What is the state income tax in Montana?

Montana has a state income tax rate of approximately 6.8%. This is in addition to federal income tax.

How much is rent in Billings?

The median rent for a 1-bedroom apartment in Billings is $1,323/month. For a 2-bedroom, expect to pay around $1,786/month. This is 5% below the national average.

Is Billings a good place to live?

Billings is a mid-size city with a population of 117,116. The cost of living is average, making it about average cost for the US.

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