Libby, MT
Population 2,948 · Montana
About Libby, MT
Libby is a small community in Montana with a population of 2,948 residents. The median household income is $39,261 per year, which is below the national average. The median age in Libby is 49 years.
Housing in Libby has a median home value of $218,500 and median monthly rent of $679. Of the 1,535 total housing units, the majority are owner-occupied, with 849 owner-occupied and 578 renter-occupied units.
The unemployment rate in Libby is 1.9% and the poverty rate is 26.1%. 17.2% of residents hold a bachelor's degree or higher. The average commute time is 13.8 minutes.
How Libby Ranks in Montana
Cost of Living in Libby, MT
Compared to national averages, Libby has a median household income of $39,261 (48% below the national median of $75,149). Home values average $218,500, which is 11% below the national median. Monthly rent at $679 is 42% below the US average of $1,163. Within Montana, Libby's income is 40% below the state average of $65,821, and home values are 24% below the state median of $288,703.
Why Live in Libby, MT?
Libby offers affordable housing with a median home value of $218,500, below the US average of $244,900, and rent that’s lower than the national average at $679/month, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features short commute times averaging just 13.8 minutes.
Potential considerations include median household income ($39,261) that falls below the national average. However, Libby’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Libby has a population of 2,948 with a median age of 49 years. Compare Libby with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Libby
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Montana City | 2,899 | $125,223 | $519,100 | Compare |
| North Browning | 2,894 | $40,813 | $131,300 | Compare |
| Deer Lodge | 3,035 | $53,676 | $196,400 | Compare |
| Cut Bank | 3,040 | $55,848 | $161,400 | Compare |
| Shelby | 3,129 | $53,357 | $206,000 | Compare |
| Lakeside | 2,730 | $83,958 | $589,500 | Compare |
| Glasgow | 3,194 | $76,985 | $206,000 | 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.
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Frequently Asked Questions about Libby
What is the population of Libby, MT?
The population of Libby, MT is 2,948 according to the latest Census data.
What is the median household income in Libby?
The median household income in Libby, MT is $39,261 per year.
What is the median home value in Libby?
The median home value in Libby, MT is $218,500.
What is the average rent in Libby?
The median monthly rent in Libby, MT is $679.
What is the unemployment rate in Libby?
The unemployment rate in Libby, MT is 1.9%.