Cost of living in Bozeman: rent, homes and salary
The cost of living in Bozeman sits 2.5% above the US average. The 2024 regional price parity (RPP) published by BEA for the metro area of Bozeman, MT is 102.5, against 100 for the US, with housing alone at 139.2.
- Level of prices
- 102.5US = 100, BEA 2024
- Price level for housing
- 139.2 for rents, US = 100.
Cost of living index for Bozeman
A regional price parity sets the US average at 100 and compares it with what one place pays for a fixed basket of goods and services. Bozeman lies inside the Bozeman, MT metro area. BEA prices that whole area as one. Housing (rents) is the part furthest from the US average, at 139.2, or 39.2% above the US.
| Price level, US = 100 | Bozeman, MT metro | Montana | Metro against the US |
|---|---|---|---|
| All items | 102.5 | 94.6 | +2.5% |
| Goods | 96.0 | 96.0 | −4.0% |
| Housing (rents) | 139.2 | 84.6 | +39.2% |
| Utilities | 73.6 | 72.3 | −26.4% |
| Other services | 98.7 | 98.7 | −1.3% |
Source: U.S. Bureau of Economic Analysis, 2024 regional price parities for metro areas and states. BEA parity data
Rents in Bozeman
In Bozeman, the typical asking rent runs $2,199 a month, according to Zillow Observed Rent Index (ZORI), which tracks rent on homes listed now. That is +4.4% from a year ago. In the US, the figure is $1,932.
| Rent | Bozeman | United States |
|---|---|---|
| Typical asking rent, Zillow ZORI | $2,199 | $1,932 |
| Asking rent, 12-month change | +4.4% |
Zillow Observed Rent Index; Census Bureau American Community Survey 2024, with one-year estimates.
Bozeman home prices
In September 2026, Zillow Home Value Index (ZHVI) put a typical Bozeman home at $721,678. It measures what a home in the middle range of the market is worth. That figure is +0.8% on a year, compared with $366,157 for the US.
| Home prices | Bozeman | United States |
|---|---|---|
| Typical home value, September 2026 | $721,678 | $366,157 |
| 12-month change | +0.8% | +1.2% |
| 10-year change | +95.3% | +77.4% |
| Price to rent (years of asking rent) | 27.3 | 15.8 |
Price chart since 2000, forecast and days on market: housing market for Bozeman.
Salary needed for living in Bozeman
The salary in Bozeman that matches what your pay buys now comes from two answers: where you live, plus what you earn.
- Moving from
- Salary
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Bozeman cost of living compared with other cities
| City | Level of prices | Housing | The typical rent | Typical value of a home |
|---|---|---|---|---|
| Bozeman | 102.5 | 139.2 | $2,199 | $721,678 |
| Billings | 93.5 | 77.4 | $1,393 | $401,071 |
| New York City | 112.6 | 148.6 | $4,089 | $825,854 |
| Los Angeles | 113.6 | 170.4 | $2,772 | $927,891 |
| Chicago | 103.6 | 112.0 | $2,311 | $334,108 |
| Houston | 98.6 | 104.5 | $1,544 | $259,465 |
| Phoenix | 103.3 | 121.2 | $1,571 | $404,067 |
| Philadelphia | 102.6 | 113.1 | $1,757 | $231,584 |
| San Antonio | 94.7 | 94.6 | $1,381 | $244,623 |
Price levels: 2024 figures from BEA regional price parities, US = 100. Rent: Zillow ZORI. Home value from Zillow ZHVI, September 2026.
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