Great Falls, MT Cost Of Living
Cost Of Living In Great Falls, MT Summary
Cost of living in Great Falls research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Great Falls is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Montana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Great Falls is 92, with 100 being the average.
The cost of living index in Great Falls is 0.9x lower than the national average.
Great Falls ranks as the #3 cheapest in Montana out of 25.
Great Falls ranks as the #1,501 cheapest out of 6,489 in the US.
The median home value in Great Falls is $330,334.
The median income in Great Falls is $63,934.
Table Of Contents
Great Falls's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Great Falls, MT?
According to the most recent data on the cost of living, Great Falls has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Montana, Great Falls has a cost of living index that's 0.9x lower than Montana's index of 101.
The standard of living in Great Falls ranks as #3 most affordable out of the 25 places we measured in Montana. By definition, that implies Great Falls ranks as the #22 most expensive place in the Treasure State.
For more reading on life in Great Falls, check out:
In Montana
In America
Great Falls Cost Of Living Vs. Montana
Six factors go into calculating the cost of living index in Great Falls. Here is how it fairs on each of the criteria:
The Services index in Great Falls is 88.
The Groceries index in Great Falls is 102.
The Health index in Great Falls is 94.
The Housing index in Great Falls is 93.
The Transportation index in Great Falls is 101.
The Utilities index in Great Falls is 95.
| Living Expense | Great Falls | Montana | National Average | |
|---|---|---|---|---|
| Overall | 92 | 101 | 100 | |
| Services | 88 | 104 | 100 | |
| Groceries | 102 | 102 | 100 | |
| Health | 94 | 99 | 100 | |
| Housing | 93 | 100 | 100 | |
| Transportation | 101 | 107 | 100 | |
| Utilities | 95 | 95 | 100 | |
Great Falls, MT Housing Cost Breakdown
Housing swings affordability the most between places in Montana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Great Falls is $330,334.
The Median Rent in Great Falls is $866.
The Median Income in Great Falls is $63,934.
The Home Value To Income in Great Falls is 5.2x.
The Rent To Monthly Income in Great Falls is 0.16x.
| Statistic | Great Falls | Montana | United States |
|---|---|---|---|
| Median Home Value | $330,334 | $460,050 | $303,400 |
| Median Rent | $866 | $1,031 | $1,348 |
| Median Income | $63,934 | $69,922 | $78,538 |
| Home Value To Income | 5.2x | 6.6x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Great Falls, MT Costs By Category
Detailed Great Falls Services Costs Vs. Montana
| Item | Great Falls | Montana |
|---|---|---|
| Shampoo | $1.16 | $1.28 |
| Movie | $12.99 | $12.13 |
| Bowling | $16.78 | $18 |
| Haircut | $15.71 | $24.26 |
| Beauty Salon | $37.87 | $45.56 |
Detailed Great Falls Groceries Costs Vs. Montana
| Item | Great Falls | Montana |
|---|---|---|
| Ground Beef | $6.31 | $5.84 |
| Fried Chicken | $1.59 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $4.61 | $4.93 |
| Pizza | $12.03 | $12.09 |
| Beer | $10.57 | $10.41 |
| Toothpaste | $4.19 | $3.7 |
Detailed Great Falls Health Costs Vs. Montana
| Item | Great Falls | Montana |
|---|---|---|
| Optometrist | $105.94 | $125.68 |
| Doctor | $115.67 | $135.78 |
| Dentist | $112.63 | $113.29 |
Detailed Great Falls Transportation Costs Vs. Montana
| Item | Great Falls | Montana |
|---|---|---|
| Gasoline | $3.37 | $3.46 |
| Tire Balancing | $69.17 | $59.92 |
Detailed Great Falls Utilities Costs Vs. Montana
| Item | Great Falls | Montana |
|---|---|---|
| All Electricity | $176.82 | $193.99 |
| Phone | $182.36 | $192.25 |
Great Falls SnackAbility
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