Cost of Living in Carbon County, Montana

$882/mo
Median Monthly Rent
$379,300
Median Home Value
7% above state averageUnaffordable

At a Glance

Median Monthly Rent
$882/mo
7% above state average
Median Home Value
$379,300
35% above national
Rent-to-Income Ratio
24.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Carbon County Compares

Median monthly rent comparison

Carbon County$882/mo
Montana Average$825/mo
National Median$1,163/mo

Detailed Housing Stats

$882/mo
Median Gross Rent
$379,300
Median Home Value
$1,003/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Carbon County, Montana

Carbon strikes balance in housing costs

Carbon County's 14.9% rent-to-income ratio sits nearly at the national norm, with renters paying $882/month on median household incomes of $71,017. This near-equilibrium reflects both higher local wages and moderately priced housing, compared to several Montana peers.

Carbon performs slightly above state average

At 14.9%, Carbon's rent-to-income ratio beats Montana's state average of 15.9%, positioning it as a moderate-affordability county. The county's higher median income of $71,017 provides more breathing room than many rural Montana neighbors.

Carbon rents moderate, ownership steep

Carbon's $882 monthly rent sits between Beaverhead ($800) and Cascade ($902), offering middle-ground pricing for renters. However, homebuyers face the region's steepest costs: median home values of $379,300 and monthly owner costs of $1,003 exceed all comparable counties except Broadwater.

Renters fare better than homeowners here

Carbon renters earning $71,017 spend roughly $882/month on housing—14.9% of gross income, a manageable share. Homeowners, however, dedicate $1,003/month to ownership costs—roughly 16.9% of income—reflecting the county's elevated property values and mortgage pressures.

Carbon County: strong incomes, premium homes

Relocating to Carbon? The county rewards renters with solid affordability (14.9%) and higher-than-average incomes, but challenges homebuyers with premium property costs. Compare its 14.9% rent burden against pricier Broadwater (18.4%) or more affordable Blaine (12.7%) to decide if Carbon fits your plans.

Affordability Calculator

See how your income compares to housing costs in Carbon County

$

Rent Burden

14.9%

of gross income

Max Housing (28% Rule)

$1,657

per month

Owner Cost Burden

16.9%

of gross income

The median home in Carbon County may be a stretch

Median home value is $379,300. Estimated monthly cost: $3,028 vs. your max of $1,657.

Rent Affordability Guide

Your rent-to-income ratio14.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Carbon County, Montana?
Carbon County, Montana has a median monthly rent of $882/mo and a median home value of $379,300. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Carbon County?
The median gross rent in Carbon County is $882/mo. This is 7% above state average for Montana.
Is Carbon County affordable?
Carbon County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Carbon County's rent compare to the state average?
Carbon County's median rent of $882/mo is 7% above state average of $825/mo for Montana.
What is the median home value in Carbon County?
The median home value in Carbon County, Montana is $379,300. This is 35% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.