Cost of Living in Cut Bank, MT

With a cost of living index of 74, Cut Bank, MT is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 15% below the Montana state average of 89. Cut Bank is a small community of 3,040 residents.

Housing costs are the biggest factor in Cut Bank's cost of living. The median monthly rent is $921 (30% below the US median of $1,319), and the median home value sits at $161,400 (47% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Cut Bank is $55,848, which is 26% lower than the national median of $75,149. Residents spend roughly 20% 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.

Climate is another factor for anyone considering a move to Cut Bank. The area sees an average annual temperature of 41.8°F, with summers averaging 62°F and winters around 23°F. Annual rainfall totals 10.8 inches spread over roughly 77 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.