Cost of Living in Carter County, Montana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Carter County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Carter County ranks #595 of 3,142 counties for affordability (top 19%)
Sourced county brief
Carter County Monthly Owner Costs and Rental Statistics
In Carter County, the median selected monthly owner cost was $518, which is $324 below the Montana unweighted county mean of $842. The official gross rent as a percentage of household income (GRAPI) was 29.9%, a figure 5.8 percentage points above the unweighted state county mean of 24.1%. Median gross rent in the county was $824 per month, compared to the unweighted state county mean of $842. The median home value was $199,200, while the unweighted state mean was $276,877. The median renter-household income was recorded at $34,250. This snapshot uses data from the U.S. Census Bureau ACS 2020-2024 5-Year Estimates. The rent-to-income percentage is the official ACS B25071 GRAPI estimate and not a derived value. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Carter County
Affordability Verdict
ACS B25071 estimates median gross rent at 29.9% of renter household income in Carter County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $824 per month; median selected monthly owner costs are $518. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $32,960 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Montana unweighted mean of county median rents is $842 per month. Carter County's $824 median is 2.1% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Carter County
Rent Burden
18.3%
of gross income
Max Housing (28% Rule)
$1,264
per month
Owner Cost Burden
11.5%
of gross income
The median home in Carter County may be a stretch
Median home value is $199,200. Estimated monthly cost: $1,590 vs. your max of $1,264.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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