Bozeman, MT
Population 55,042 · Montana
About Bozeman, MT
Bozeman is a mid-sized city located in Montana with a population of 55,042 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,903 per year, which is 6% above the national median of $75,149. The median age of 28.6 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 Bozeman features a median home value of $614,900, which is 151% above the national median of $244,900. This places Bozeman in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,611, 39% above the national average of $1,163/month. Of the 24,846 total housing units, 45% are owner-occupied (10,325 units) and 55% are renter-occupied (12,806 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Bozeman shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.8%, above the national average of 12.4%. Workers in Bozeman have an average one-way commute time of 15.4 minutes, one of the shorter commutes in the region.
Education & Demographics
65.1% of Bozeman residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.4% White, 2.5% Hispanic or Latino, 0.6% Black or African American, and 2.4% Asian residents, with 5.2% of the population being foreign-born.
How Bozeman Ranks in Montana
Cost of Living in Bozeman, MT
Compared to national averages, Bozeman has a median household income of $79,903 (6% above the national median of $75,149). Home values average $614,900, which is 151% above the national median. Monthly rent at $1,611 is 39% above the US average of $1,163. Within Montana, Bozeman's income is 21% above the state average of $65,821, and home values are 113% above the state median of $288,703.
Why Live in Bozeman, MT?
Bozeman offers a strong local economy with a median household income of $79,903, well above the national average, and a strong job market with an unemployment rate of just 3.1%, and a well-educated community where 65.1% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 15.4 minutes.
Potential considerations include a competitive housing market where the typical home costs $614,900. However, as a mid-sized city, Bozeman provides access to a wide range of amenities and services.
Bozeman has a population of 55,042 with a median age of 28.6 years. Compare Bozeman with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Bozeman
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Great Falls | 60,412 | $63,934 | $237,400 | Compare |
| Butte-Silver Bow (balance), Montana | 34,929 | $57,633 | $225,100 | Compare |
| Missoula | 75,600 | $65,329 | $427,400 | 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 |
| Anaconda-Deer Lodge County, Montana | 9,512 | $49,533 | $209,700 | 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 Bozeman With Other Cities
Frequently Asked Questions about Bozeman
What is the population of Bozeman, MT?
The population of Bozeman, MT is 55,042 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 Bozeman?
The median household income in Bozeman, MT is $79,903 per year, which is 6% above the national median of $75,149.
What is the median home value in Bozeman?
The median home value in Bozeman, MT is $614,900, which is 151% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Bozeman?
The median monthly rent in Bozeman, MT is $1,611, which is 39% above the national average of $1,163/month.
What is the unemployment rate in Bozeman?
The unemployment rate in Bozeman, MT is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Bozeman, MT a good place to live?
Bozeman offers above-average incomes, a competitive housing market, and a strong job market. With a population of 55,042 and a median age of 28.6, the city appeals to young professionals and families.
How educated is Bozeman, MT?
65.1% of residents in Bozeman 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 Bozeman?
Key cost-of-living indicators for Bozeman, MT: median home value is $614,900 (151% above national), median rent is $1,611/month, and median household income is $79,903. The home-value-to-income ratio is 7.7x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Bozeman?
The poverty rate in Bozeman, MT is 14.8%, 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 Bozeman, MT?
Bozeman's population is 2.4% White, 2.5% Hispanic or Latino, 0.6% Black or African American, 2.4% Asian, and 0.9% two or more races. 5.2% of residents are foreign-born.