Billings, MT
Population 118,321 · Montana
About Billings, MT
Billings is a major city located in Montana with a population of 118,321 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,855 per year, which is 4% below the national median of $75,149. The median age of 38.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Billings features a median home value of $311,800, which is 27% above the national median of $244,900. This positions Billings in a moderately priced market relative to the rest of the country. Median monthly rent is $1,097, 6% below the national average of $1,163/month. Of the 53,537 total housing units, 65% are owner-occupied (32,613 units) and 35% are renter-occupied (17,727 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Billings shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Billings have an average one-way commute time of 16.7 minutes, one of the shorter commutes in the region.
Education & Demographics
37.0% of Billings 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 5.0% White, 6.5% Hispanic or Latino, 0.3% Black or African American, and 1.8% Asian residents, with 2.0% of the population being foreign-born.
How Billings Ranks in Montana
Cost of Living in Billings, MT
Compared to national averages, Billings has a median household income of $71,855 (4% below the national median of $75,149). Home values average $311,800, which is 27% above the national median. Monthly rent at $1,097 is 6% below the US average of $1,163. Within Montana, Billings's income is 9% above the state average of $65,821, and home values are 8% above the state median of $288,703.
Why Live in Billings, MT?
Billings offers rent that’s lower than the national average at $1,097/month, and a strong job market with an unemployment rate of just 3.5%, and a well-educated community where 37.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 10.6%, better than the national average, and short commute times averaging just 16.7 minutes.
Potential considerations include median household income ($71,855) that falls below the national average. However, as a major city, Billings provides access to a wide range of amenities and services.
Billings has a population of 118,321 with a median age of 38.1 years. Compare Billings with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Billings
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Missoula | 75,600 | $65,329 | $427,400 | Compare |
| Great Falls | 60,412 | $63,934 | $237,400 | Compare |
| Bozeman | 55,042 | $79,903 | $614,900 | Compare |
| Butte-Silver Bow (balance), Montana | 34,929 | $57,633 | $225,100 | Compare |
| Helena | 33,126 | $69,341 | $355,100 | Compare |
| Kalispell | 26,830 | $61,590 | $381,400 | Compare |
| Belgrade | 11,425 | $88,896 | $469,600 | Compare |
| Helena Valley Southeast | 9,533 | $63,824 | $308,000 | 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 Billings With Other Cities
Frequently Asked Questions about Billings
What is the population of Billings, MT?
The population of Billings, MT is 118,321 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Montana.
What is the median household income in Billings?
The median household income in Billings, MT is $71,855 per year, which is 4% below the national median of $75,149.
What is the median home value in Billings?
The median home value in Billings, MT is $311,800, which is 27% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Billings?
The median monthly rent in Billings, MT is $1,097, which is 6% below the national average of $1,163/month.
What is the unemployment rate in Billings?
The unemployment rate in Billings, MT is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Billings, MT a good place to live?
Billings offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 118,321 and a median age of 38.1, the city appeals to a broad range of residents.
How educated is Billings, MT?
37.0% of residents in Billings 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 Billings?
Key cost-of-living indicators for Billings, MT: median home value is $311,800 (27% above national), median rent is $1,097/month, and median household income is $71,855. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Billings?
The poverty rate in Billings, MT is 10.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Billings, MT?
Billings's population is 5.0% White, 6.5% Hispanic or Latino, 0.3% Black or African American, 1.8% Asian, and 0.5% two or more races. 2.0% of residents are foreign-born.