Cost of Living in Big Timber, MT

With a cost of living index of 82, Big Timber, MT is a very affordable place to live. Living here is 18% cheaper than the national average and 6% below the Montana state average of 89. Big Timber is a small community of 1,530 residents.

Housing costs are the biggest factor in Big Timber's cost of living. The median monthly rent is $1,009 (24% below the US median of $1,319), and the median home value sits at $235,100 (23% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Big Timber is $63,514, which is 15% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.