Cost Of Living & Real Estate

Cost of Living: Budgeting and Expenses in Our Community

Billings costs about the same as the national average to live in, and less than most large metros in the Mountain time zone. Montana has no sales tax, and its income tax rates are dropping. Your everyday purchases, from groceries to a new car, carry no sales tax.

Cost of Living Index

The index sets the U.S. average at 100. A lower number means a lower cost of living.

Metro Composite Housing Utilities Transportation
Billings, MT 99.8 95.3 82.8 119.7
Albuquerque, NM 95.0 89.1 87.5 85.7
Cheyenne, WY 98.9 97.9 89.1 93.8
Boise, ID 102.0 100.9 77.9 109.6
Phoenix, AZ 106.3 115.6 106.8 105.2
Denver, CO 108.6 123.4 89.5 94.5
Salt Lake City, UT 109.0 128.7 95.5 111.1

Source: Council for Community and Economic Research, Cost of Living Index, Annual 2024

Tax Environment

Tax Montana
State Sales Tax None
State Income Tax 4.7% to 5.65% (2026), with the top rate falling to 5.4% in 2027
Local Income Tax None
Average Effective Property Tax 0.61% statewide
Estate or Inheritance Tax None
Vehicle Sales Tax None

Starting in 2026, Montana applies lower property tax rates to primary residences than to second homes and short-term rentals.

Daily Living

  • Utilities run about 17% below the national average.
  • Housing runs about 5% below the national average.
  • Transportation costs run about 20% above the national average.
  • Groceries run about 3% above the national average.
  • No sales tax applies to everyday purchases.

Finding Your Place: Homes and Properties

Billings offers a range of housing within a compact city, from older homes near downtown to newer construction on the West End. Home prices sit well below those in Bozeman, Boise, Denver, and Salt Lake City. Homes move quickly, typically going under contract in about two weeks.

Housing Snapshot

Measure Value
Typical Home Value $402,554
Median Sale Price $375,650
Median List Price $415,983
One-Year Value Change +2.1%
Median Days to Pending 15

Source: Zillow, data through June 30, 2026

Price Tiers

Tier Median Sale Price
Starter $310,308
Mid $393,101
High $594,943
Luxury $1,222,500

Source: Redfin, January 2026

Neighborhoods

Neighborhood Typical Home Value
West End $442,707
Heights $413,555
West Alkali Creek $606,153

Source: Zillow, 2026

  • West End: The city's main area of new construction, with established subdivisions, shopping, and parks such as Centennial Park
  • Heights: Family-oriented area northeast of the Rimrocks with parks, trails, and schools
  • West Alkali Creek: The highest-value of these three areas
  • Downtown and the historic districts: Older homes and urban living near the walking brewery district and theaters
  • Laurel: Small-town living just west of Billings

Housing Styles

  • Older, established homes in central neighborhoods and near downtown
  • Newer construction concentrated on the West End and along the Shiloh Road corridor

Safety First: Our Secure Community

Billings is a regional city, and like many cities its size, it has worked to bring crime down in recent years. The Billings Police Department's 2025 annual report shows crime declining across most categories.

2025 Safety Snapshot

Measure 2025 Result
Property Crime Significant decrease from 2024
Quality-of-Life Offenses Significant decrease from 2024
Violent Crime Stable
Homicides 5, down from 15 in 2024
Traffic Collisions More than 2,600 responses

Source: Billings Police Department, 2025 Annual Report

Recent Trends

  • Violent crime ran above pre-pandemic levels in recent years, and the police department has focused patrols and enforcement on reducing it.
  • Burglaries and drug offenses fell to 10-year lows in 2023.
  • A short-term holding facility opened in October 2025 to ease jail crowding, and police credit it with helping reduce crime.

Emergency Services

  • St. Vincent Regional Hospital: Level I Trauma Center
  • A second regional hospital system with trauma and emergency services
  • Billings Police Department, with more than 200 sworn and civilian employees
  • Air and ground emergency medical transport serving the region

Traffic Safety

About one in four collisions in 2025 involved an injury or a reported injury. Billings is a car-dependent city, and winter driving calls for caution on snow and ice.

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