Cost of Living in Dillon, MT

With a cost of living index of 77, Dillon, MT is a very affordable place to live. Living here is 23% cheaper than the national average and 12% below the Montana state average of 89. Dillon is a small community of 4,020 residents.

Housing costs are the biggest factor in Dillon's cost of living. The median monthly rent is $821 (38% below the US median of $1,319), and the median home value sits at $237,500 (22% below the national median of $304,900). At current prices, the median home costs roughly 4.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Dillon is $51,458, which is 32% 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.

Climate is another factor for anyone considering a move to Dillon. The area sees an average annual temperature of 41.8°F, with summers averaging 62°F and winters around 23°F. Annual rainfall totals 9.8 inches spread over roughly 80 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.