Billings vs Missoula

Category-by-Category Breakdown

Index values shown. National average = 100. Lower is cheaper.

💰 Salary Equivalence

To maintain the same standard of living:

See exact take-home pay: Montana salaries · Montana salaries

Living in Billings vs Missoula

Housing is typically the biggest factor in any cost-of-living comparison. Billings has a housing index of 93 while Missoula sits at 141 (national average = 100). The median home in Billings costs $310,000 compared to $460,000 in Missoula, a difference of $150,000. Monthly rent follows a similar pattern: $1,200 in Billings versus $1,400 in Missoula.

Groceries and everyday expenses show a narrower gap: Billings scores 99 while Missoula scores 103. Both cities are close to the national average for grocery costs.

Healthcare costs in Billings (102) match Missoula (102). Both are close to the national average.

Median household income in Billings is $55,438 compared to $49,234 in Missoula. When adjusted for cost of living, income goes further in Billings.

Relocating: Billings vs Missoula

If you are considering a move between Billings (index: 98) and Missoula (index: 115), the 15% cost difference has real implications for your budget. Billings is the more affordable option, but the right choice depends on your income, career opportunities, and lifestyle priorities.

Housing budget reality: Using the 28% rule (spending no more than 28% of gross income on housing), the median household in Billings can afford $1,294/month, while the median household in Missoula can afford $1,149/month. With median homes at $310,000 in Billings versus $460,000 in Missoula, homeownership requires above-median income in the pricier market.

Renting vs buying: At $1,200/month in Billings and $1,400/month in Missoula, renters face similar costs in both cities. The rent-to-own ratio in each city determines whether renting or buying offers better value for your situation.

Income adjustment: A $75,000 salary goes further in Billings where costs are 2% below the national average. Before accepting a job in either city, use the salary equivalence data above to understand what you would need to earn to maintain your current standard of living.

Reading These Numbers: Billings (98) vs Missoula (115)

The cost of living index uses 100 as the national average. Billings at 98 is 2% below the US average, while Missoula at 115 is 15% above average. There is a meaningful cost gap between these two cities that affects day-to-day budgeting.

The overall index is a weighted average of housing (the largest component), groceries, utilities, transportation, and healthcare. Housing typically drives the biggest differences between cities. Even when two cities have similar overall indices, their category-level costs can vary significantly — one city might have expensive housing but cheap groceries, while another is the reverse. Check the category breakdown above for the full picture.

For renters: With median rents of $1,200/month in Billings and $1,400/month in Missoula, the annual rent difference is approximately $2,400. Over a 5-year period, that compounds to $12,000 in savings by choosing the more affordable city.

For homebuyers: The $150,000 difference in median home prices between Billings and Missoula translates to roughly $9,000 per month in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.

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