Cost of Living in Carter County, Montana

$731/mo
Median Monthly Rent
$176,600
Median Home Value
11% below state averageUnaffordable

At a Glance

Median Monthly Rent
$731/mo
11% below state average
Median Home Value
$176,600
37% below national
Rent-to-Income Ratio
29.0%
% 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 Carter County Compares

Median monthly rent comparison

Carter County$731/mo
Montana Average$825/mo
National Median$1,163/mo

Detailed Housing Stats

$731/mo
Median Gross Rent
$176,600
Median Home Value
$581/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Carter County, Montana

Carter County faces tight affordability squeeze

Carter County's 16.8% rent-to-income ratio exceeds the national norm, as renters earning $52,171—the lowest median income in this comparison—spend $731/month on housing. This combination of below-average wages and persistent housing costs creates genuine affordability strain.

Carter ranks among Montana's most challenged

At 16.8%, Carter's rent-to-income ratio significantly exceeds Montana's state average of 15.9%, placing it among the state's most housing-burdened counties. The pressure intensifies when considering that Carter's median income of $52,171 is the lowest in this group.

Carter struggles despite modest rents

Carter's $731 median rent is below Big Horn ($686) and Blaine ($689) but exceeds no neighboring county except Beaverhead, Cascade, and Carbon. The county's real challenge stems from low median incomes of $52,171—the group's weakest—making even modest rents unaffordable.

Low incomes strain housing affordability

A Carter County renter earning the median $52,171 spends roughly $731/month on housing—16.8% of gross income, limiting resources for other necessities. Homeowners fare slightly better at $581/month (11.1% of income), but the county's overall economic picture reflects rural Montana's wage challenges.

Carter: weigh low wages against modest costs

Considering Carter County? Its 16.8% rent-to-income ratio reflects tight budgets, though rents themselves remain moderate compared to urban markets. Compare Carter's affordability pressures against higher-income counties like Blaine (12.7%) or Carbon (14.9%) before making the move.

Affordability Calculator

See how your income compares to housing costs in Carter County

$

Rent Burden

16.8%

of gross income

Max Housing (28% Rule)

$1,217

per month

Owner Cost Burden

13.4%

of gross income

The median home in Carter County may be a stretch

Median home value is $176,600. Estimated monthly cost: $1,410 vs. your max of $1,217.

Rent Affordability Guide

Your rent-to-income ratio16.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Carter County, Montana?
Carter County, Montana has a median monthly rent of $731/mo and a median home value of $176,600. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Carter County?
The median gross rent in Carter County is $731/mo. This is 11% below state average for Montana.
Is Carter County affordable?
Carter County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Carter County's rent compare to the state average?
Carter County's median rent of $731/mo is 11% below state average of $825/mo for Montana.
What is the median home value in Carter County?
The median home value in Carter County, Montana is $176,600. This is 37% below 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.