Cost of Living in Billings, MT (2026)

Last checked October 29, 2026.

Billings is the cheapest of Montana’s larger towns to rent in: a single adult with their own 1-bedroom needs about $46,700 a year, below the $49,060 median wage. It’s also Montana’s largest city, with the state’s busiest medical and shopping hub.

At a glance

Population 121,239 (July 2025 Census estimate)
Region Southeast Montana, Yellowstone County
Average 1-bedroom / 2-bedroom rent $1,130 / $1,378
Median home sale price $389,900 (Redfin, Aug 2026)
Income needed, own 1-bedroom $46,744 full budget; $45,200 by the 30% rule
Median wage, all jobs $49,060 (Billings metro, May 2025)
Electric and gas NorthWestern Energy electric; Montana-Dakota Utilities gas
Resort tax None; Red Lodge (4%) is the nearest resort tax town
Buses MET Transit, $2 a ride or $28 for 31 days
Airport / hospitals Billings Logan International (BIL) / Billings Clinic, St. Vincent Regional Hospital

Rent

Source 1-bedroom 2-bedroom Date
Zumper $995 $1,300 Oct 23, 2026
Apartments.com $1,264 $1,455 Oct 2026
Average $1,130 $1,378

The two sources are about $270 apart on 1-bedrooms, so expect to find listings across that range. Zumper shows 2-bedroom rents up 8% from a year earlier.

Buying a home

Redfin’s median sale price was $389,900 in August 2026, up 0.6% from a year earlier (Redfin). Property tax on that home is about $2,197 a year as a primary residence and about $5,461 as a second home, using the 2026 tax-year levy of 737.18 mills for School District 2, City of Billings (Yellowstone County; our calculation; see property tax).

Common questions

How much do you need to make to live in Billings?

About $46,700 a year before taxes ($22.47 an hour) for a single adult renting their own 1-bedroom, with a paid-off car and 10% saved, at 2026 asking rents and tax rates (our calculation). Sharing a 2-bedroom brings it to about $38,700. The median job in the Billings metro paid $49,060 in May 2025 (BLS).

What is the average rent in Billings?

About $1,130 a month for a 1-bedroom and $1,378 for a 2-bedroom, the average of Zumper and Apartments.com asking rents in October 2026. The two sources are about $270 apart on 1-bedrooms.

How much are property taxes in Billings?

On the $389,900 median home, about $2,197 a year if you live in it and $5,461 as a second home, at Montana’s 2026 rates and the 737.18-mill levy for School District 2, City of Billings.

Does Billings have a sales tax?

No. Montana has no general sales tax, and Billings has no resort tax. The nearest resort tax town is Red Lodge (4%).

Who provides electricity and gas in Billings?

NorthWestern Energy supplies electricity and Montana-Dakota Utilities supplies natural gas. Typical bills (750 kWh of electricity and 100 therms of gas) came to about $213 a month in May 2026, per the Montana Public Service Commission.

Monthly budget, own 1-bedroom

Rent $1,130
Electric and gas (typical bills) $213
Car, paid off $441
Groceries, health premium, phone and internet, eating out, renters insurance, other $1,018
Total $2,802
Salary needed with 10% saved, after taxes $46,744 ($22.47 an hour)

Sharing a 2-bedroom needs about $38,700. Billings gas was $4.31 a gallon on October 29, 2026, slightly below the state average (AAA). Try your own numbers in the salary calculator.

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