Cost of Living in Homestead, MT: What You Need to Know

With a cost of living index of 86, Homestead, MT is a very affordable place to live. Living here is 14% cheaper than the national average and 3% below the Montana state average of 89. Homestead is a small community of 13 residents.

The median household income in Homestead is $151,250, which is 101% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Homestead. The area sees an average annual temperature of 40.5°F, with summers averaging 66°F and winters around 14°F. Annual rainfall totals 14.2 inches spread over roughly 105 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.

Housing

Median Home Value

$162,500

Median Monthly Housing Cost

$975/mo

Climate in Homestead

NOAA 30-year normals (1991-2020)

40.5°F

Avg Temperature

14.2"

Rainfall / Year

105d

Rainy Days / Year

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
High °F	23	28	40	56	67	76	84	84	73	56	39	27
Avg °F	12	16	28	42	52	62	68	67	56	42	27	15
Low °F	-0	5	16	27	38	48	53	51	40	27	14	3
Rain"	0.4	0.3	0.6	1.0	2.2	2.9	2.6	1.4	1.1	0.9	0.4	0.4

Cost of Living in Homestead, MT