Cost of Living in Mineral County, Montana

$746/mo
Median Monthly Rent
$313,600
Median Home Value
10% below state averageUnaffordable

At a Glance

Median Monthly Rent
$746/mo
10% below state average
Median Home Value
$313,600
11% above national
Rent-to-Income Ratio
30.0%
% 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 Mineral County Compares

Median monthly rent comparison

Mineral County$746/mo
Montana Average$825/mo
National Median$1,163/mo

Detailed Housing Stats

$746/mo
Median Gross Rent
$313,600
Median Home Value
$984/mo
Monthly Owner Cost
30.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Mineral County, Montana

Mineral County rents remain manageable

Mineral County's 14.7% rent-to-income ratio sits just below the national 15% benchmark and Montana's 15.9% state average, indicating solid rental affordability. The $746 monthly median rent is 10% below the state average, and median household income of $61,117 provides reasonable support for housing costs.

Better-than-average affordability for Montana

Mineral County ranks slightly above the state average for affordability, with its 14.7% rent-to-income ratio edging below Montana's 15.9% standard. This northwestern county offers a balance: moderate rents and income levels that keep housing cost burdens reasonable compared to state peers.

Competitive rents in the northwest region

Mineral's $746 rent undershoots Lewis and Clark ($1,062), Missoula ($1,125), and Madison ($1,159), while exceeding only Liberty ($668) and McCone ($543) among this survey group. Its position reflects a smaller, less touristically driven community than Missoula or Madison.

Balanced housing costs for local incomes

Renters earning the median $61,117 spend approximately $8,952 annually on rent—14.7% of gross income—leaving room for other expenses. Homeowners pay $984 monthly ($11,808 yearly), a steeper percentage of income; the median home value of $313,600 reflects mountain property appeal.

Affordable entry point to northwest Montana

Mineral County's 14.7% rent-to-income ratio and $746 rents position it as an accessible option for relocating renters seeking rural Montana living. If you're considering a move to northwest Montana, compare Mineral's affordability against Missoula's amenities to determine the right fit for your priorities and budget.

Affordability Calculator

See how your income compares to housing costs in Mineral County

$

Rent Burden

14.6%

of gross income

Max Housing (28% Rule)

$1,426

per month

Owner Cost Burden

19.3%

of gross income

The median home in Mineral County may be a stretch

Median home value is $313,600. Estimated monthly cost: $2,504 vs. your max of $1,426.

Rent Affordability Guide

Your rent-to-income ratio14.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Mineral County, Montana?
Mineral County, Montana has a median monthly rent of $746/mo and a median home value of $313,600. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.
What is the median rent in Mineral County?
The median gross rent in Mineral County is $746/mo. This is 10% below state average for Montana.
Is Mineral County affordable?
Mineral County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Mineral County's rent compare to the state average?
Mineral County's median rent of $746/mo is 10% below state average of $825/mo for Montana.
What is the median home value in Mineral County?
The median home value in Mineral County, Montana is $313,600. This is 11% above the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Mineral County, Montana? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Mineral County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

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