Cost of Living in Phillips County, Montana

$623/mo
Median Monthly Rent
$175,000
Median Home Value
24% below state averageUnaffordable

At a Glance

Median Monthly Rent
$623/mo
24% below state average
Median Home Value
$175,000
38% below national
Rent-to-Income Ratio
24.0%
% 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 Phillips County Compares

Median monthly rent comparison

Phillips County$623/mo
Montana Average$825/mo
National Median$1,163/mo

Detailed Housing Stats

$623/mo
Median Gross Rent
$175,000
Median Home Value
$589/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Phillips County, Montana

Phillips County offers Montana's best rental value

Phillips County's rent-to-income ratio of just 12.9% ranks among the nation's most affordable, well below the national average and even below Montana's 15.9% state standard. At only $623 monthly, rents here demand just 12.9% of the median household income of $58,156, creating exceptional housing accessibility.

Standout affordability leader across Montana

Phillips County boasts the lowest rent-to-income ratio in this analysis at 12.9%, undercutting Montana's state average of 15.9% by 3 percentage points. The median rent of $623 runs a remarkable 24.5% below the state median of $825, marking Phillips as a true affordability outlier.

Unmatched rental bargains in north-central Montana

Phillips County's $623 median rent stands $146 below Petroleum County ($769), $242 below Musselshell County ($865), and $304 below Park County ($927). At 12.9% of income, Phillips County renters enjoy the lowest housing burden of any county in this regional cluster.

Both renters and owners find relief here

Phillips County renters pay just $623 monthly (12.9% of income), while homeowners spend $589 monthly (12.1% of income)—both figures substantially below state and national norms. This county achieves the rare distinction of making housing affordable for both renting and owning households.

Phillips County: rural Montana's affordability champion

For renters prioritizing maximum housing affordability, Phillips County's $623 rents and 12.9% income ratio are unmatched in this region. With median home values at $175,000 and ownership costs under $600 monthly, Phillips County delivers genuine financial breathing room for families considering a Montana relocation.

Affordability Calculator

See how your income compares to housing costs in Phillips County

$

Rent Burden

12.9%

of gross income

Max Housing (28% Rule)

$1,357

per month

Owner Cost Burden

12.2%

of gross income

The median home in Phillips County may be a stretch

Median home value is $175,000. Estimated monthly cost: $1,397 vs. your max of $1,357.

Rent Affordability Guide

Your rent-to-income ratio12.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Phillips County, Montana?
Phillips County, Montana has a median monthly rent of $623/mo and a median home value of $175,000. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Phillips County?
The median gross rent in Phillips County is $623/mo. This is 24% below state average for Montana.
Is Phillips County affordable?
Phillips County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Phillips County's rent compare to the state average?
Phillips County's median rent of $623/mo is 24% below state average of $825/mo for Montana.
What is the median home value in Phillips County?
The median home value in Phillips County, Montana is $175,000. This is 38% 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.