Cost of Living in Stevensville, MT

With a cost of living index of 91, Stevensville, MT is slightly more affordable than average. Living here is 9% cheaper than the national average and in line with the Montana state average. Stevensville is a small community of 2,172 residents.

Housing costs are the biggest factor in Stevensville's cost of living. The median monthly rent is $1,013 (23% below the US median of $1,319), and the median home value sits at $336,500 (10% above the national median of $304,900). At current prices, the median home costs roughly 6.4x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Stevensville is $52,745, which is 30% lower than the national median of $75,149. Residents spend roughly 23% 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 Stevensville. The area sees an average annual temperature of 45.2°F, with summers averaging 65°F and winters around 26°F. Annual rainfall totals 14.1 inches spread over roughly 124 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.