Cost of Living in Granite County, Montana

$734/mo

Median Monthly Rent

$339,500

Median Home Value

11% below state averageUnaffordable

At a Glance

Median Monthly Rent

$734/mo

11% below state average

Median Home Value

$339,500

20% above national

Rent-to-Income Ratio

27.0%

% 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 Granite County Compares

Median monthly rent comparison

Granite County$734/mo

Montana Average$825/mo

National Median$1,163/mo

Detailed Housing Stats

$734/mo

Median Gross Rent

$339,500

Median Home Value

$608/mo

Monthly Owner Cost

27.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Granite County, Montana

High home values, tight housing ratios

Granite County's rent-to-income ratio of 16.1% exceeds the national standard, driven by a median household income of $54,646 that lags the nation by $20,109. The median home value of $339,500 signals real estate appreciation—but those gains don't match local wages.

Pricey homes in a tight market

Granite's 16.1% rent-to-income ratio ranks among Montana's worst, and its $339,500 median home value is the state's second-highest despite below-average incomes. This mismatch reflects outside investment and lifestyle migration reshaping rural Montana.

Expensive compared to peers

Granite's $734 rent exceeds Judith Basin's $502 and Garfield's $802 sits nearly identical, but Granite's $339,500 home values tower over neighbors—Judith Basin sits at $214,200 and Garfield at $178,300. Owners here pay $608 monthly, moderate but on pricier land.

Real estate booming, local wallets stressed

Monthly rent of $734 and owner costs of $608 consume 16.1% of a median income of just $54,646, leaving residents stretched despite being homeowners in a rising market. The $339,500 median home value reflects outside wealth flowing in, not local prosperity.

Beautiful but increasingly unaffordable

Granite County's soaring home values and tight affordability ratios make it challenging for locals earning typical county wages. Relocate here only if you're buying as an investment or bring significant outside income.

Affordability Calculator

See how your income compares to housing costs in Granite County

Your Annual Household Income

Rent Burden

16.1%

of gross income

Max Housing (28% Rule)

$1,275

per month

Owner Cost Burden

13.4%

of gross income

The median home in Granite County may be a stretch

Median home value is $339,500. Estimated monthly cost: $2,710 vs. your max of $1,275.

Rent Affordability Guide

Your rent-to-income ratio16.1%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Granite County, Montana?

Granite County, Montana has a median monthly rent of $734/mo and a median home value of $339,500. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.

What is the median rent in Granite County?

The median gross rent in Granite County is $734/mo. This is 11% below state average for Montana.

Is Granite County affordable?

Granite County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Granite County's rent compare to the state average?

Granite County's median rent of $734/mo is 11% below state average of $825/mo for Montana.

What is the median home value in Granite County?

The median home value in Granite County, Montana is $339,500. This is 20% above the national median home value of $281,900.