Great Falls, MT at a glance
Median household income
$63,373$5,281 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Great Falls, MT?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Great Falls, MT? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Great Falls, MT MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $960 | $11,520 | $38,400 | 18.2% |
| 1-Bedroom Apartment | $979 | $11,748 | $39,160 | 18.5% |
| 2-Bedroom ApartmentBenchmark | $1,284 | $15,408 | $51,360 | 24.3% |
| 3-Bedroom Home | $1,786 | $21,432 | $71,440 | 33.8% |
| 4-Bedroom Home | $2,035 | $24,420 | $81,400 | 38.5% |
What a typical income covers in Great Falls, MT
The 50/30/20 rule applied to the local median of $63,373 a year ($5,281 a month before tax).
What $63,373 leaves after Montana taxes
Federal income tax, Social Security, Medicare and Montana tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Montana
Living in Great Falls, MT: common questions
What is the median household income in Great Falls, MT?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Great Falls, MT is $63,373 per year (approximately $5,281 per month).
What is the average rent in Great Falls, MT?
The closest official figure is HUD's Fair Market Rent for 2026: $960 for a studio, $979 for one bedroom, $1,284 for two, $1,786 for three and $2,035 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Great Falls, MT expensive to live in?
Prices there run 3.2% below the U.S. average. BEA's regional price parity for the metro area is 96.8, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Great Falls, MT?
To keep a $1,284 two-bedroom under 30% of gross income, a household needs about $51,360 a year, or $4,280 a month. That is 81% of what the typical household in Great Falls, MT earns.
How much do you need to live comfortably in Great Falls, MT?
On the local median income of $63,373 ($5,281 a month before tax), the 50/30/20 rule leaves $2,641 a month for needs like rent, utilities and groceries, $1,584 for everything else and $1,056 for savings or debt. A two-bedroom at $1,284 takes 49% of the needs share.
How much is the electric bill in Great Falls, MT?
Homes in Montana paid 15.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $136. Your bill depends mostly on heating and cooling.