Cost of Living in Victor, MT

With a cost of living index of 82, Victor, MT is a very affordable place to live. Living here is 18% cheaper than the national average and 7% below the Montana state average of 89. Victor is a small community of 948 residents.

Housing costs are the biggest factor in Victor's cost of living. The median monthly rent is $954 (28% below the US median of $1,319), and the median home value sits at $247,500 (19% below the national median of $304,900). At current prices, the median home costs roughly 4.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Victor is $51,898, which is 31% lower than the national median of $75,149. Residents spend roughly 22% 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 Victor. 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.