Belgrade, MT
Population 11,425 · Montana
About Belgrade, MT
Belgrade is a mid-sized city located in Montana with a population of 11,425 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,896 per year, which is 18% above the national median of $75,149. The median age of 33.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Belgrade features a median home value of $469,600, which is 92% above the national median of $244,900. This places Belgrade in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,582, 36% above the national average of $1,163/month. Of the 4,858 total housing units, 56% are owner-occupied (2,624 units) and 44% are renter-occupied (2,103 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Belgrade shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.6%, above the national average of 12.4%. Workers in Belgrade have an average one-way commute time of 23.4 minutes.
Education & Demographics
37.4% of Belgrade residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 4.4% White, 3.2% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 2.7% of the population being foreign-born.
How Belgrade Ranks in Montana
Cost of Living in Belgrade, MT
Compared to national averages, Belgrade has a median household income of $88,896 (18% above the national median of $75,149). Home values average $469,600, which is 92% above the national median. Monthly rent at $1,582 is 36% above the US average of $1,163. Within Montana, Belgrade's income is 35% above the state average of $65,821, and home values are 63% above the state median of $288,703.
Why Live in Belgrade, MT?
Belgrade offers a strong local economy with a median household income of $88,896, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 37.4% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 23.4 minutes.
Potential considerations include a competitive housing market where the typical home costs $469,600. However, Belgrade’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Belgrade has a population of 11,425 with a median age of 33.2 years. Compare Belgrade with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Belgrade
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Helena Valley Southeast | 9,533 | $63,824 | $308,000 | Compare |
| Anaconda-Deer Lodge County, Montana | 9,512 | $49,533 | $209,700 | Compare |
| Havre | 9,333 | $58,000 | $197,600 | Compare |
| Evergreen | 8,908 | $73,015 | $271,700 | Compare |
| Livingston | 8,635 | $65,187 | $348,700 | Compare |
| Whitefish | 8,422 | $71,110 | $648,200 | Compare |
| Miles City | 8,412 | $60,732 | $182,700 | Compare |
| Helena Valley West Central | 8,224 | $89,040 | $352,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Montana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Belgrade With Other Cities
Frequently Asked Questions about Belgrade
What is the population of Belgrade, MT?
The population of Belgrade, MT is 11,425 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Montana.
What is the median household income in Belgrade?
The median household income in Belgrade, MT is $88,896 per year, which is 18% above the national median of $75,149.
What is the median home value in Belgrade?
The median home value in Belgrade, MT is $469,600, which is 92% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Belgrade?
The median monthly rent in Belgrade, MT is $1,582, which is 36% above the national average of $1,163/month.
What is the unemployment rate in Belgrade?
The unemployment rate in Belgrade, MT is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Belgrade, MT a good place to live?
Belgrade offers above-average incomes, a competitive housing market, and a strong job market. With a population of 11,425 and a median age of 33.2, the city appeals to young professionals and families.
How educated is Belgrade, MT?
37.4% of residents in Belgrade aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Belgrade?
Key cost-of-living indicators for Belgrade, MT: median home value is $469,600 (92% above national), median rent is $1,582/month, and median household income is $88,896. The home-value-to-income ratio is 5.3x, a moderate figure by national standards.
What is the poverty rate in Belgrade?
The poverty rate in Belgrade, MT is 12.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Belgrade, MT?
Belgrade's population is 4.4% White, 3.2% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 0.1% two or more races. 2.7% of residents are foreign-born.