States › Montana › Anaconda

Is Anaconda, MT expensive to live in?

CheapRent takes 2 cents of every $1 people earn here.
🏠 Rent per month (2026)$10594% lower than U.S. average
💵 Families earn per year (2026)$62,043about $5,170/month · 29% lower than U.S. average
🔑 House price$231,70030% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.7 years of household income. Commutes are short, about 18.6 minutes.

How much money do I need?

To rent here comfortably, you should earn about $4,200 a year. That is $2 an hour at a full-time job.

Is rent cheaper than other Montana cities?

Yes. Rent here is cheaper than in most of Montana. It is number 1 of 27 cities from cheapest to most expensive.

Anaconda
$105
Evergreen
$1,214
Havre
$647
Helena Valley Southeast
$1,173
Livingston
$2,088
Whitefish
$2,412
Miles City
$1,009

How much do households earn in Anaconda?

Under $25k
18.2%
$25k–50k
29.9%
$50k–100k
32.7%
$100k–150k
9.8%
$150k+
5.2%

Share of households by yearly income. 15.0% of households earn $100,000 or more.

Rent by apartment size in Anaconda

SizeAnacondaU.S. average
1 bedroom$735$1,324
2 bedrooms$710$1,509
3 bedrooms$1,147$1,698
4 bedrooms$1,494$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Anaconda overall?

Everyday prices in Montana overall are 5% below the U.S. average (index 94.6, U.S. = 100).

Housing
85
Goods (food, clothes…)
96
Utilities
72
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Anaconda, so the Montana figure is shown.

Taxes and bills in Anaconda

🏛️ Property tax$1,803a year · 0.78% of home value · U.S. $3,119
⚡ Electric bill$136a month (typical) · U.S. $156

Life in Anaconda

Commute to work18.6 minU.S.: 26.4 min
College degree24.1%U.S.: 35.7%
Own their home73%U.S.: 65.2%
Below poverty line16.3%U.S.: 12.5%
Unemployment3.4%U.S.: 5.2%

Is it cheaper to rent or buy in Anaconda?

Renting is cheaper right now: about $1,503 a month less.

Renting
$105
Owning
$1,608

Owning assumes a typical $231,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,170 for the down payment.

Frequently asked questions

What is the average rent in Anaconda, MT?

Renting in Anaconda costs a median of about $105 a month in 2026, including utilities. The Montana median is $1,260.

How much do I need to make to live in Anaconda?

To keep rent under 30% of income, you need about $4,200 a year, or $2 an hour at a full-time job.

Is Anaconda cheap or expensive?

Anaconda is rated Cheap: rent takes 2.0% of the typical household income of $62,043. It ranks 1st cheapest of 27 Montana cities we track.

How much are property taxes in Anaconda?

The median homeowner in Anaconda pays $1,803 a year in property taxes, about 0.78% of the median home value.

Is Anaconda more expensive than the national average?

Overall prices in Montana are 5% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Anaconda?

The median home value in Anaconda is $231,700, about 3.7 times the typical yearly household income.

9,597 people live in Anaconda. Numbers are typical (middle) values.