Cut Bank, MT
Population 3,040 · Montana
About Cut Bank, MT
Cut Bank is a small town located in Montana with a population of 3,040 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,848 per year, which is 26% below the national median of $75,149. The median age of 40.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Cut Bank features a median home value of $161,400, which is 34% below the national median of $244,900. This positions Cut Bank in a moderately priced market relative to the rest of the country. Median monthly rent is $921, 21% below the national average of $1,163/month. Of the 1,382 total housing units, 73% are owner-occupied (842 units) and 27% are renter-occupied (315 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cut Bank shows an unemployment rate of 2.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 22.3%, above the national average of 12.4%. Workers in Cut Bank have an average one-way commute time of 12.5 minutes, one of the shorter commutes in the region.
Education & Demographics
19.2% of Cut Bank residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.1% White, 23.2% Hispanic or Latino, 0.1% Black or African American, and 1.6% Asian residents, with 0.9% of the population being foreign-born.
How Cut Bank Ranks in Montana
Cost of Living in Cut Bank, MT
Compared to national averages, Cut Bank has a median household income of $55,848 (26% below the national median of $75,149). Home values average $161,400, which is 34% below the national median. Monthly rent at $921 is 21% below the US average of $1,163. Within Montana, Cut Bank's income is 15% below the state average of $65,821, and home values are 44% below the state median of $288,703.
Why Live in Cut Bank, MT?
Cut Bank offers affordable housing with a median home value of $161,400, below the US average of $244,900, and rent that’s lower than the national average at $921/month, and a strong job market with an unemployment rate of just 2.2%. Additionally, the city features short commute times averaging just 12.5 minutes.
Potential considerations include median household income ($55,848) that falls below the national average. However, Cut Bank’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cut Bank has a population of 3,040 with a median age of 40.2 years. Compare Cut Bank with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Cut Bank
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Deer Lodge | 3,035 | $53,676 | $196,400 | Compare |
| Shelby | 3,129 | $53,357 | $206,000 | Compare |
| Libby | 2,948 | $39,261 | $218,500 | Compare |
| Montana City | 2,899 | $125,223 | $519,100 | Compare |
| North Browning | 2,894 | $40,813 | $131,300 | Compare |
| Glasgow | 3,194 | $76,985 | $206,000 | Compare |
| Lakeside | 2,730 | $83,958 | $589,500 | Compare |
| Wolf Point | 2,604 | $48,750 | $124,600 | 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 Cut Bank With Other Cities
Frequently Asked Questions about Cut Bank
What is the population of Cut Bank, MT?
The population of Cut Bank, MT is 3,040 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Montana.
What is the median household income in Cut Bank?
The median household income in Cut Bank, MT is $55,848 per year, which is 26% below the national median of $75,149.
What is the median home value in Cut Bank?
The median home value in Cut Bank, MT is $161,400, which is 34% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cut Bank?
The median monthly rent in Cut Bank, MT is $921, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Cut Bank?
The unemployment rate in Cut Bank, MT is 2.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cut Bank, MT a good place to live?
Cut Bank offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,040 and a median age of 40.2, the city appeals to a broad range of residents.
How educated is Cut Bank, MT?
19.2% of residents in Cut Bank aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Cut Bank?
Key cost-of-living indicators for Cut Bank, MT: median home value is $161,400 (34% below national), median rent is $921/month, and median household income is $55,848. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cut Bank?
The poverty rate in Cut Bank, MT is 22.3%, 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 Cut Bank, MT?
Cut Bank's population is 0.1% White, 23.2% Hispanic or Latino, 0.1% Black or African American, 1.6% Asian, and 0.0% two or more races. 0.9% of residents are foreign-born.