Nye, MT
Population 56 · Montana
About Nye, MT
Nye is a small community located in Montana with a population of 56 residents according to the latest US Census Bureau American Community Survey data. The median household income is $108,958 per year, which is 45% above the national median of $75,149. The median age of 52.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Nye features a median home value of $625,000, which is 155% above the national median of $244,900. This places Nye in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 39 total housing units, 87% are owner-occupied (20 units) and 13% are renter-occupied (3 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Nye shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Nye have an average one-way commute time of 8 minutes, one of the shorter commutes in the region.
Education & Demographics
38.6% of Nye 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Nye Ranks in Montana
Cost of Living in Nye, MT
Compared to national averages, Nye has a median household income of $108,958 (45% above the national median of $75,149). Home values average $625,000, which is 155% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Montana, Nye's income is 66% above the state average of $65,821, and home values are 116% above the state median of $288,703.
Why Live in Nye, MT?
Nye offers a strong local economy with a median household income of $108,958, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 38.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 8 minutes.
Potential considerations include a competitive housing market where the typical home costs $625,000. However, Nye’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Nye has a population of 56 with a median age of 52.1 years. Compare Nye with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Nye
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Acton | 56 | $36,563 | $0 | Compare |
| Essex | 57 | $73,393 | $329,200 | Compare |
| Maverick Mountain | 55 | $0 | $355,600 | Compare |
| Radersburg | 55 | $0 | $0 | Compare |
| Windham | 57 | $46,429 | $0 | Compare |
| Eagle Creek Colony | 54 | $0 | $0 | Compare |
| Glendale Colony | 54 | $0 | $0 | Compare |
| Helmville | 58 | $148,304 | $266,100 | 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 Nye With Other Cities
Frequently Asked Questions about Nye
What is the population of Nye, MT?
The population of Nye, MT is 56 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Montana.
What is the median household income in Nye?
The median household income in Nye, MT is $108,958 per year, which is 45% above the national median of $75,149.
What is the median home value in Nye?
The median home value in Nye, MT is $625,000, which is 155% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Nye?
The median monthly rent in Nye, MT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Nye?
The unemployment rate in Nye, MT is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Nye, MT a good place to live?
Nye offers above-average incomes, a competitive housing market, and a strong job market. With a population of 56 and a median age of 52.1, the city appeals to established professionals and retirees.
How educated is Nye, MT?
38.6% of residents in Nye 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 Nye?
Key cost-of-living indicators for Nye, MT: median home value is $625,000 (155% above national), median rent is $0/month, and median household income is $108,958. The home-value-to-income ratio is 5.7x, a moderate figure by national standards.
What is the poverty rate in Nye?
The poverty rate in Nye, MT is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Nye, MT?
Nye's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.