Cost of Living in Big Sky, MT (2026)

Last checked October 29, 2026.

Big Sky is the most expensive place to buy a home that we track, at a median of about $1.9 million, and a 1-bedroom rents for about $1,800 to $1,900 on Zumper.

At a glance

Population 2,445 (Census ACS 2020–2024)
Region Yellowstone Country, Gallatin and Madison counties
Average 1-bedroom asking rent $1,862 (Zumper, Oct 2026)
Home prices $1,895,745 median sale (Redfin, 3 months ending Aug 2026)
Median home value, Census $1,137,900 (2020–2024)
Median household income, Census $138,805 (2020–2024)
Income needed, own 1-bedroom $59,795 at current asking rents
Electric and gas No natural gas; most homes heat with propane (Explore Big Sky)
Resort tax 4% on luxury goods and services, including lodging, restaurants and recreation
Buses Skyline: local routes free; Bozeman–Big Sky link $5 one-way
Hospital / airport Bozeman Health Big Sky Medical Center (emergency department) / Bozeman Yellowstone International (BZN)

Rent

Source 1-bedroom 2-bedroom Date
Zumper $1,862 $2,427 Oct 2026

For Big Sky the Census rent figures are suppressed or far too uncertain to use.

Buying a home

Redfin’s median sale price was $1,895,745 for the three months ending August 2026, down 13.7% (Redfin). The Census median home value was $1,137,900. See property tax for the 2026 homestead rate; second homes, common in Big Sky, pay the higher 1.9% rate.

Monthly budget, own 1-bedroom

Rent (average 1-bedroom asking rent) $1,862
Electric and heat (placeholder; Big Sky has no natural gas, so most homes heat with propane) $195
Car, paid off $441
Groceries, health premium, phone and internet, eating out, renters insurance, other $1,018
Total $3,516
Salary needed with 10% saved, after taxes $59,795 ($28.75 an hour)

Same budget as our salary calculator; the car and other lines are explained there. Zumper flags limited data for Big Sky.

Recent news

  • Voters weighed up to $60 million in resort-tax-backed debt for Cold Smoke, a deed-restricted project of 264 apartments and 125 homes for local workers (Explore Big Sky, Apr 17, 2025).
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