Cost of Living in Cooke City, MT

With a cost of living index of 99, Cooke City, MT is right around the national average in cost. Living here is 1% cheaper than the national average and 11% above the Montana state average of 89. Cooke City is a small community of 94 residents.

Housing costs are the biggest factor in Cooke City's cost of living. The median monthly rent is $1,225 (7% below the US median of $1,319), and the median home value sits at $362,500 (19% above the national median of $304,900). At current prices, the median home costs roughly 8.7x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Cooke City is $41,750, which is 44% lower than the national median of $75,149. Residents spend roughly 35% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

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.