Wheatland, MT
Population 1,185 · Montana
About Wheatland, MT
Wheatland is a small town located in Montana with a population of 1,185 residents according to the latest US Census Bureau American Community Survey data. The median household income is $108,580 per year, which is 44% above the national median of $75,149. The median age of 46.3 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 Wheatland features a median home value of $581,100, which is 137% above the national median of $244,900. This places Wheatland 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 421 total housing units, 100% are owner-occupied (379 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wheatland 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 1.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wheatland have an average one-way commute time of 22.7 minutes.
Education & Demographics
33.2% of Wheatland 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 5.4% 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 Wheatland Ranks in Montana
Cost of Living in Wheatland, MT
Compared to national averages, Wheatland has a median household income of $108,580 (44% above the national median of $75,149). Home values average $581,100, which is 137% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Montana, Wheatland's income is 65% above the state average of $65,821, and home values are 101% above the state median of $288,703.
Why Live in Wheatland, MT?
Wheatland offers a strong local economy with a median household income of $108,580, 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 low poverty rate of 1.9%, better than the national average, and short commute times averaging just 22.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $581,100. However, Wheatland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wheatland has a population of 1,185 with a median age of 46.3 years. Compare Wheatland with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Wheatland
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Somers | 1,181 | $56,501 | $477,300 | Compare |
| Whitehall | 1,151 | $38,750 | $180,600 | Compare |
| Marion | 1,149 | $52,105 | $370,900 | Compare |
| Wye | 1,222 | $106,667 | $520,700 | Compare |
| Churchill | 1,120 | $95,550 | $588,800 | Compare |
| White Sulphur Springs | 1,097 | $56,424 | $231,700 | Compare |
| Gallatin Gateway | 1,092 | $81,429 | $747,900 | Compare |
| Plains | 1,077 | $24,661 | $209,200 | 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 Wheatland With Other Cities
Frequently Asked Questions about Wheatland
What is the population of Wheatland, MT?
The population of Wheatland, MT is 1,185 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 Wheatland?
The median household income in Wheatland, MT is $108,580 per year, which is 44% above the national median of $75,149.
What is the median home value in Wheatland?
The median home value in Wheatland, MT is $581,100, which is 137% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wheatland?
The median monthly rent in Wheatland, MT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Wheatland?
The unemployment rate in Wheatland, 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 Wheatland, MT a good place to live?
Wheatland offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,185 and a median age of 46.3, the city appeals to established professionals and retirees.
How educated is Wheatland, MT?
33.2% of residents in Wheatland 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 Wheatland?
Key cost-of-living indicators for Wheatland, MT: median home value is $581,100 (137% above national), median rent is $0/month, and median household income is $108,580. The home-value-to-income ratio is 5.4x, a moderate figure by national standards.
What is the poverty rate in Wheatland?
The poverty rate in Wheatland, MT is 1.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wheatland, MT?
Wheatland's population is 5.4% 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.