States › Montana › Great Falls

Is Great Falls, MT expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,12236% lower than U.S. average
💵 Families earn per year (2026)$68,348about $5,696/month · 22% lower than U.S. average
🔑 House price$257,00023% lower than U.S. average

Great Falls is the 3rd-largest city in Montana that we track, with 60,329 residents. Rent is lower than in 81% of U.S. cities. A typical house costs about 3.8 years of household income. Commutes are short, about 14.9 minutes.

How much money do I need?

To rent here comfortably, you should earn about $44,880 a year. That is $22 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 9 of 27 cities from cheapest to most expensive.

Great Falls
$1,122
$2,039
$1,534
$1,649
$1,508
$1,508

How much do households earn in Great Falls?

Under $25k
16.8%
$25k–50k
26.4%
$50k–100k
33.7%
$100k–150k
12.4%
$150k+
6.2%

Share of households by yearly income. 18.6% of households earn $100,000 or more.

Rent by apartment size in Great Falls

SizeGreat FallsU.S. average
Studio$810$1,338
1 bedroom$717$1,324
2 bedrooms$1,014$1,509
3 bedrooms$1,270$1,698
4 bedrooms$1,546$2,098

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

How expensive is Great Falls overall?

Everyday prices in the Great Falls metro area are 3% below the U.S. average (index 96.8, U.S. = 100).

Housing
97
Goods (food, clothes…)
96
Utilities
73
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.

Taxes and bills in Great Falls

🏛️ Property tax$2,370a year · 0.92% of home value · U.S. $3,119
⚡ Electric bill$86a month (typical) · U.S. $156

Life in Great Falls

Commute to work14.9 minU.S.: 26.4 min
College degree27.8%U.S.: 35.7%
Own their home66.1%U.S.: 65.2%
Below poverty line14.5%U.S.: 12.5%
Unemployment3.7%U.S.: 5.2%

What jobs pay in Great Falls

JobMedian payRent / pay
Pharmacist$136,5609.9%
Physician Assistant$132,74010.1%
Nurse Practitioner$130,33010.3%
Lawyer$106,45012.6%
Dental Hygienist$94,46014.3%
Operations Manager$88,78015.2%
Civil Engineer$80,98016.6%
Police Officer$78,87017.1%
Computer Systems Analyst$78,33017.2%
Registered Nurse$78,29017.2%
Plumber$77,10017.5%
Electrician$76,96017.5%
Accountant$72,51018.6%
HVAC Technician$60,67022.2%
Market Research Analyst$60,44022.3%
Firefighter$60,08022.4%
Licensed Practical Nurse$60,02022.4%
Carpenter$58,79022.9%
Truck Driver$54,46024.7%
Elementary School Teacher$48,32027.9%
Medical Assistant$46,84028.7%
Customer Service Representative$42,27031.9%
Warehouse Worker$39,81033.8%
Nursing Assistant$39,33034.2%
Restaurant Cook$36,61036.8%
Retail Salesperson$35,00038.5%
Cashier$31,32043.0%
Server (Waiter/Waitress)$22,27060.5%

Is it cheaper to rent or buy in Great Falls?

Renting is cheaper right now: about $661 a month less.

Renting
$1,122
Owning
$1,783

Owning assumes a typical $257,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,700 for the down payment.

Frequently asked questions

What is the average rent in Great Falls, MT?

Renting in Great Falls costs a median of about $1,122 a month in 2026, including utilities. The Montana median is $1,260.

How much do I need to make to live in Great Falls?

To keep rent under 30% of income, you need about $44,880 a year, or $22 an hour at a full-time job.

Is Great Falls cheap or expensive?

Great Falls is rated Cheap: rent takes 19.7% of the typical household income of $68,348. It ranks 9th cheapest of 27 Montana cities we track.

How much are property taxes in Great Falls?

The median homeowner in Great Falls pays $2,370 a year in property taxes, about 0.92% of the median home value.

Is Great Falls more expensive than the national average?

Overall prices in the metro area are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Great Falls?

The median home value in Great Falls is $257,000, about 3.8 times the typical yearly household income.

60,329 people live in Great Falls. Numbers are typical (middle) values.