Cost of Living in Gallatin 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 Gallatin County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Gallatin County ranks #2,989 of 3,142 counties for affordability (bottom 5%)
Sourced county brief
Gallatin County Median Gross Rent Reaches $1,694 Per Month
Gallatin County's median gross rent was $1,694 per month, a figure that is $852 above the Montana unweighted county mean of $842. The official GRAPI, which is the median gross rent as a percentage of household income, was 29.1%. This figure from ACS table B25071 is 5.0 percentage points higher than the state unweighted county mean of 24.1%. Renter households in the county had a median income of $68,740. For owner-occupied units, the median monthly owner cost was $1,708. The median home value was $667,600, which is $390,723 higher than the state unweighted county mean of $276,877. 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: Gallatin County
Affordability Verdict
ACS B25071 estimates median gross rent at 29.1% of renter household income in Gallatin 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 $1,694 per month; median selected monthly owner costs are $1,708. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $67,760 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. Gallatin County's $1,694 median is 101.2% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Gallatin County
Rent Burden
21.7%
of gross income
Max Housing (28% Rule)
$2,182
per month
Owner Cost Burden
21.9%
of gross income
The median home in Gallatin County may be a stretch
Median home value is $667,600. Estimated monthly cost: $5,330 vs. your max of $2,182.
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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