Malmstrom AFB, MT
Population 4,191 · Montana
About Malmstrom AFB, MT
Malmstrom AFB is a small town located in Montana with a population of 4,191 residents according to the latest US Census Bureau American Community Survey data. The median household income is $64,079 per year, which is 15% below the national median of $75,149. The median age of 22.4 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 Malmstrom AFB features a median home value of $0, which is 100% below the national median of $244,900. This makes Malmstrom AFB one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,195, 3% above the national average of $1,163/month. Of the 1,230 total housing units, 1% are owner-occupied (16 units) and 99% are renter-occupied (1,130 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 Malmstrom AFB shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Malmstrom AFB have an average one-way commute time of 14.3 minutes, one of the shorter commutes in the region.
Education & Demographics
37.1% of Malmstrom AFB 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 10.4% White, 3.2% Hispanic or Latino, 3.7% Black or African American, and 0.8% Asian residents, with 3.1% of the population being foreign-born.
How Malmstrom AFB Ranks in Montana
Cost of Living in Malmstrom AFB, MT
Compared to national averages, Malmstrom AFB has a median household income of $64,079 (15% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $1,195 is 3% above the US average of $1,163. Within Montana, Malmstrom AFB's income is 3% below the state average of $65,821, and home values are 100% below the state median of $288,703.
Why Live in Malmstrom AFB, MT?
Malmstrom AFB offers affordable housing with a median home value of $0, below the US average of $244,900, and a strong job market with an unemployment rate of just 3.4%, and a well-educated community where 37.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.0%, better than the national average, and short commute times averaging just 14.3 minutes.
Potential considerations include median household income ($64,079) that falls below the national average. However, Malmstrom AFB’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Malmstrom AFB has a population of 4,191 with a median age of 22.4 years. Compare Malmstrom AFB with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Malmstrom AFB
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dillon | 4,020 | $51,458 | $237,500 | Compare |
| Lolo | 4,378 | $73,700 | $353,700 | Compare |
| Helena Valley Northeast | 4,398 | $137,724 | $462,400 | Compare |
| Hardin | 3,766 | $60,463 | $142,800 | Compare |
| Glendive | 4,831 | $71,063 | $176,900 | Compare |
| Hamilton | 4,949 | $52,917 | $299,800 | Compare |
| Helena Valley Northwest | 5,070 | $101,278 | $358,600 | Compare |
| Glasgow | 3,194 | $76,985 | $206,000 | 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 Malmstrom AFB With Other Cities
Frequently Asked Questions about Malmstrom AFB
What is the population of Malmstrom AFB, MT?
The population of Malmstrom AFB, MT is 4,191 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 Malmstrom AFB?
The median household income in Malmstrom AFB, MT is $64,079 per year, which is 15% below the national median of $75,149.
What is the median home value in Malmstrom AFB?
The median home value in Malmstrom AFB, MT is $0, which is 100% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Malmstrom AFB?
The median monthly rent in Malmstrom AFB, MT is $1,195, which is 3% above the national average of $1,163/month.
What is the unemployment rate in Malmstrom AFB?
The unemployment rate in Malmstrom AFB, MT is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Malmstrom AFB, MT a good place to live?
Malmstrom AFB offers a moderate cost of living, affordable housing, and a strong job market. With a population of 4,191 and a median age of 22.4, the city appeals to young professionals and families.
How educated is Malmstrom AFB, MT?
37.1% of residents in Malmstrom AFB 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 Malmstrom AFB?
Key cost-of-living indicators for Malmstrom AFB, MT: median home value is $0 (100% below national), median rent is $1,195/month, and median household income is $64,079. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Malmstrom AFB?
The poverty rate in Malmstrom AFB, MT is 8.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Malmstrom AFB, MT?
Malmstrom AFB's population is 10.4% White, 3.2% Hispanic or Latino, 3.7% Black or African American, 0.8% Asian, and 8.7% two or more races. 3.1% of residents are foreign-born.