Cost of Living in Lincoln County, Montana

$810/mo
Median Monthly Rent
$258,700
Median Home Value

At a Glance

Median Monthly Rent
$810/mo
2% below state average
Median Home Value
$258,700
8% below national
Rent-to-Income Ratio
28.0%
% 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 Lincoln County Compares

Median monthly rent comparison

Lincoln County$810/mo
Montana Average$825/mo
National Median$1,163/mo

Detailed Housing Stats

$810/mo
Median Gross Rent
$258,700
Median Home Value
$681/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Lincoln County ranks #799 of 3,144 counties for affordability (top 25%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Lincoln County, Montana

Lincoln County renters face steep affordability

Lincoln County's 20.7% rent-to-income ratio far exceeds both the national benchmark (15%) and Montana's state average (15.9%), making it one of Montana's least affordable rental markets. Renters earning the county median of $47,018 spend $810 monthly—a hefty 20.7% of their income—on housing.

Among Montana's worst for renters

At 20.7%, Lincoln County's rent-to-income ratio ranks well above the state average, placing it among the most challenging markets for renters statewide. This northwest county struggles with a combination of elevated rents relative to its lower median income of $47,018, the lowest among these eight counties.

More expensive than similar western counties

Lincoln County's $810 rent exceeds nearby Liberty County ($668) and McCone County ($543), yet falls short of the higher costs in Madison County ($1,159) and Missoula County ($1,125). Its affordability crisis stems from limited local income opportunities rather than premium housing demand.

Housing dominates tight household budgets

Renters earning the median $47,018 annually dedicate nearly $9,720 to rent, consuming more than one-fifth of gross income before taxes and other expenses. Homeowners paying $681 monthly ($8,172 yearly) fare slightly better, but both groups experience serious housing cost burdens given the county's limited wage base.

Relocate only with secured income gains

Lincoln County's 20.7% rent-to-income ratio signals serious affordability strain—only consider moving here if you're bringing higher income (remote work, relocation package) or can live with family. Compare your household income carefully; those earning significantly above the $47,018 median will fare better.

Cost of Living Advisory: Lincoln County

Affordability Verdict

Lincoln County offers affordable rental housing at a median of $810/month — about 20.7% of the typical household income here.

Rent vs. Own

The median rent in Lincoln County is $810/month, while owner costs run $681/month. Owning saves approximately $129/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,400/year. For owner costs at the 28% rule, the required income is roughly $29,186/year. With a median household income of $47,018, most households can comfortably afford rent here. Notably, 28.0% of renter households in Lincoln County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within Montana, Lincoln County is less affordable than Musselshell County by roughly 6% ($810/mo vs $865/mo).

Affordability Calculator

See how your income compares to housing costs in Lincoln County

$

Rent Burden

20.7%

of gross income

Max Housing (28% Rule)

$1,097

per month

Owner Cost Burden

17.4%

of gross income

The median home in Lincoln County may be a stretch

Median home value is $258,700. Estimated monthly cost: $2,065 vs. your max of $1,097.

Rent Affordability Guide

Your rent-to-income ratio20.7%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $47,018Needed: $32,400
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $47,018Needed: $29,186
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? No
Your income: $47,018Needed: $60,207

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

What is the cost of living in Lincoln County, Montana?
Lincoln County, Montana has a median monthly rent of $810/mo and a median home value of $258,700. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Lincoln County?
The median gross rent in Lincoln County is $810/mo. This is 2% below state average for Montana.
Is Lincoln County affordable?
Lincoln County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Lincoln County's rent compare to the state average?
Lincoln County's median rent of $810/mo is 2% below state average of $825/mo for Montana.
What is the median home value in Lincoln County?
The median home value in Lincoln County, Montana is $258,700. This is 8% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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