Cost of Living in Eureka, MT

With a cost of living index of 77, Eureka, MT is a very affordable place to live. Living here is 23% cheaper than the national average and 11% below the Montana state average of 89. Eureka is a small community of 2,009 residents.

Housing costs are the biggest factor in Eureka's cost of living. The median monthly rent is $1,012 (23% below the US median of $1,319), and the median home value sits at $172,300 (43% below the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Eureka is $43,750, which is 42% lower than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Eureka. The area sees an average annual temperature of 39.5°F, with summers averaging 57°F and winters around 23°F. Annual rainfall totals 26.1 inches spread over roughly 151 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.