Cost of Living in Nye, MT

With a cost of living index of 123, Nye, MT is a notably expensive place to live. Living here is 23% more expensive than the national average and 34% above the Montana state average of 89. Nye is a small community of 56 residents.

The median household income in Nye is $108,958, which is 45% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Nye. The area sees an average annual temperature of 45.5°F, with summers averaging 65°F and winters around 28°F. Annual rainfall totals 14.5 inches spread over roughly 106 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Billings, MT (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.