Great Falls, MT
Population 60,412 · Montana
About Great Falls, MT
Great Falls is a mid-sized city located in Montana with a population of 60,412 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,934 per year, which is 15% below the national median of $75,149. The median age of 39.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Great Falls features a median home value of $237,400, which is 3% below the national median of $244,900. This positions Great Falls in a moderately priced market relative to the rest of the country. Median monthly rent is $866, 26% below the national average of $1,163/month. Of the 28,333 total housing units, 68% are owner-occupied (17,784 units) and 32% are renter-occupied (8,226 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Great Falls shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.0%, above the national average of 12.4%. Workers in Great Falls have an average one-way commute time of 14.7 minutes, one of the shorter commutes in the region.
Education & Demographics
28.3% of Great Falls 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 3.2% White, 7.7% Hispanic or Latino, 0.7% Black or African American, and 1.0% Asian residents, with 1.7% of the population being foreign-born.
How Great Falls Ranks in Montana
Cost of Living in Great Falls, MT
Compared to national averages, Great Falls has a median household income of $63,934 (15% below the national median of $75,149). Home values average $237,400, which is 3% below the national median. Monthly rent at $866 is 26% below the US average of $1,163. Within Montana, Great Falls's income is 3% below the state average of $65,821, and home values are 18% below the state median of $288,703.
Why Live in Great Falls, MT?
Great Falls offers affordable housing with a median home value of $237,400, below the US average of $244,900, and rent that’s lower than the national average at $866/month, and a strong job market with an unemployment rate of just 3.2%. Additionally, the city features short commute times averaging just 14.7 minutes.
Potential considerations include median household income ($63,934) that falls below the national average. However, as a mid-sized city, Great Falls provides access to a wide range of amenities and services.
Great Falls has a population of 60,412 with a median age of 39.3 years. Compare Great Falls with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Great Falls
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bozeman | 55,042 | $79,903 | $614,900 | Compare |
| Missoula | 75,600 | $65,329 | $427,400 | 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 |
| 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 Great Falls With Other Cities
Frequently Asked Questions about Great Falls
What is the population of Great Falls, MT?
The population of Great Falls, MT is 60,412 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 Great Falls?
The median household income in Great Falls, MT is $63,934 per year, which is 15% below the national median of $75,149.
What is the median home value in Great Falls?
The median home value in Great Falls, MT is $237,400, which is 3% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Great Falls?
The median monthly rent in Great Falls, MT is $866, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Great Falls?
The unemployment rate in Great Falls, MT is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Great Falls, MT a good place to live?
Great Falls offers a moderate cost of living, affordable housing, and a strong job market. With a population of 60,412 and a median age of 39.3, the city appeals to a broad range of residents.
How educated is Great Falls, MT?
28.3% of residents in Great Falls 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 Great Falls?
Key cost-of-living indicators for Great Falls, MT: median home value is $237,400 (3% below national), median rent is $866/month, and median household income is $63,934. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Great Falls?
The poverty rate in Great Falls, MT is 14.0%, 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 Great Falls, MT?
Great Falls's population is 3.2% White, 7.7% Hispanic or Latino, 0.7% Black or African American, 1.0% Asian, and 1.2% two or more races. 1.7% of residents are foreign-born.