Montana
Maps & Population Facts
Housing Estimates
Montana is the 43rd most populated state and is the 4th largest state by land area. The state has experienced a 7% increase in population growth since 2010. Despite the population increase, Montana has the third lowest population density in the United States.
The terrain of Montana is of the roughest in the nation, with most of the rough terrain located on the west side of the state. Montana has 244 mountain peaks that have an elevation over 10,000 feet. A portion of Yellowstone National Park and the Rocky Mountains are located in Montana.
Income
Households in the state of Montana earn less money than the national median income, averaging 12% less per household.
Housing
Montana has a median house price of $231,300. The cost of homeownership is comparable with other states. The cost of renting in Montana is 25% less than the national average.
| Percent | Ranking | |
|---|---|---|
| Renter Occupied Households | 31% | 39th |
| New Construction (Built after 2000) | 21% | 23rd |
Demographics
The median age in the state is 40. The age of the general population in Montana is comparable with other US states.
Montana ranks average for having an educated population. The percent of residents who have a college degree is comparable with other states.
Housing Data
| Montana | USA | |
| Median Property Value | 231,300 | 217,600 |
| Median Mortgage Payment | 1,367 | 1,513 |
| Median Gross Rent | 759 | 1,012 |
| Property Vacancy | 17.1% | 12.6% |
| % Renters | 31% | 36% |
| Residents per Sq. Mi. | 7 | 93 |
| Montana | USA | |
| Median Household Income | 53,386 | 60,336 |
| Median Individual Income | 28,925 | 33,646 |
| Median Income (Full-Time) | 40,773 | 46,881 |
| Median Age | 40.0 | 38.1 |
| Labor Participation | 62.4% | 62.8% |
| Attained College Degree | 32.3% | 32.0% |
Population Density Analysis
Demographics
Most Populated Cities
| 1. | Billings | 112,225 |
| 2. | Missoula | 87,427 |
| 3. | Great Falls | 70,334 |
| 4. | Bozeman | 57,273 |
| 5. | Helena | 56,927 |
Highest Household Income
| 1. | Lambert | 89,063 |
| 2. | Northwest Yellowstone | 81,587 |
| 3. | Rosebud | 81,354 |
| 4. | Big Sky | 79,250 |
| 5. | North Custer | 79,250 |
Highest Home Value
| 1. | Big Sky | 472,800 |
| 2. | Gallatin Gateway | 382,600 |
| 3. | North Of The Yellowstone | 347,800 |
| 4. | Bozeman | 335,700 |
| 5. | Whitefish | 335,100 |
Highest Gross Rent
| 1. | Big Sky | 1,440 |
| 2. | Northwest Yellowstone | 1,101 |
| 3. | Woods Bay-Rollins | 1,080 |
| 4. | South Yellowstone | 1,076 |
| 5. | Bad Rock-Columbia Heights | 1,066 |