Salary & Cost of Living in Billings, MT
Billings, MT: $58,000 median salary, cost of living index 96, $10.55/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$58,000
$28/hr
Cost of Living
96
US avg = 100
Minimum Wage
$10.55
per hour
Unemployment
2.8%
rate
Billings, MT Overview
Population
119,000
Median Salary
$58,000
Average Salary
$64,000
Avg Commute
18 min
Median Home Price
$310,000
Median Rent
$1,100/mo
Job Growth
+1.5%
Sales Tax
0%
Billings is located in Montana with a population of 119,000. The median household salary is $58,000 per year ($28/hour), which is $1,384 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +1.5%.
Billings Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Billings, MT, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$45,220
$3,768.29/month · $1,739.21/biweekly · Effective Rate: 22.0%
Gross Pay
$58,000
Federal Tax
-$4,922
State Tax
-$3,422
Local Tax
$0
FICA
-$4,437
Net Pay
$45,220
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,833.33 | $58,000.00 |
| Federal Income Tax | -$410.13 | -$4,921.50 |
| Montana State Tax (5.9%) | -$285.17 | -$3,422.00 |
| Social Security (6.2%) | -$299.67 | -$3,596.00 |
| Medicare (1.45%) | -$70.08 | -$841.00 |
| Net Take-Home Pay | $3,768.29 | $45,219.50 |
Salary Comparison: Billings vs Other Cities
See how Billings's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Billings, MT | $58,000 | 96 | $60,417 |
| National Average | $59,384 | 100 | $59,384 |
| Escondido, CA | $58,000 | 135 | $42,963 |
| Newark, DE | $58,000 | 102 | $56,863 |
| Jacksonville, FL | $58,000 | 96 | $60,417 |
| Palm Bay, FL | $58,000 | 95 | $61,053 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Billings
Billings's cost of living index is 96 (national average = 100). Living in Billings is 4% less expensive than the national average.
Median Home Price
$310,000
Median Monthly Rent
$1,100
Annual Rent Cost
$13,200
Your Salary's Purchasing Power
Your $45,220 annual take-home pay in Billings has the purchasing power of approximately $47,104 in an average-cost US area. Your $58,000 salary stretches further here than in most US cities.
Top Industries in Billings
Billings's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $58,000.
Salary Tips for Billings Workers
- Maximize pre-tax deductions. With a 5.9% state income tax rate, maximizing 401(k) contributions (up to $23,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Billings's top industries include Energy, Healthcare, Agriculture. Targeting roles in these sectors can help you earn above the $58,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Billings, MT?
The median salary in Billings, MT is $58,000 per year, or $28 per hour. The average salary is $64,000. This is $1,384 below the national median of $59,384.
What is the cost of living in Billings, MT?
Billings's cost of living index is 96 (national average = 100), meaning it is 4% less expensive compared to the national average. The median home price is $310,000 and the median monthly rent is $1,100.
What are the best industries in Billings?
The top industries in Billings, MT include Energy, Healthcare, Agriculture. The city has a job growth rate of 1.5% and an unemployment rate of 2.8%. Workers in these industries often earn above the city's median salary of $58,000.
How does Billings's salary compare to other cities?
Billings's median salary of $58,000 is 2.3% below the national median of $59,384. However, when adjusted for cost of living (index: 96), the real purchasing power is approximately $60,417.
What is the minimum wage in Billings, MT?
The minimum wage in Billings, MT is $10.55 per hour. This equals approximately $21,944 per year for a full-time worker (40 hours/week). This is $3.30 above the federal minimum wage of $7.25/hour.