Salary & Cost of Living in Bozeman, MT
Bozeman, MT: $46,838 median salary, cost of living index 118.5, $10.30/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$46,838
$23/hr
Cost of Living
118.5
US avg = 100
Minimum Wage
$10.30
per hour
Unemployment
2.1%
rate
Bozeman, MT Overview
Population
53,293
Median Salary
$46,838
Average Salary
$52,459
Avg Commute
16 min
Median Home Price
$585,000
Median Rent
$2,367/mo
Job Growth
+3%
Sales Tax
0%
Bozeman is located in Montana with a population of 53,293. The median household salary is $46,838 per year ($23/hour), which is $12,546 below the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +3%.
Bozeman Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Bozeman, MT, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$36,909
$3,075.78/month · $1,419.59/biweekly · Effective Rate: 21.2%
Gross Pay
$46,838
Federal Tax
-$3,582
State Tax
-$2,763
Local Tax
$0
FICA
-$3,583
Net Pay
$36,909
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,903.17 | $46,838.00 |
| Federal Income Tax | -$298.51 | -$3,582.06 |
| Montana State Tax (5.9%) | -$230.29 | -$2,763.44 |
| Social Security (6.2%) | -$242.00 | -$2,903.96 |
| Medicare (1.45%) | -$56.60 | -$679.15 |
| Net Take-Home Pay | $3,075.78 | $36,909.39 |
Salary Comparison: Bozeman vs Other Cities
See how Bozeman's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Bozeman, MT | $46,838 | 118.5 | $39,526 |
| National Average | $59,384 | 100 | $59,384 |
| Taylor, MI | $46,851 | 94.8 | $49,421 |
| Schertz, TX | $46,820 | 85 | $55,082 |
| Rogers, AR | $46,866 | 88.2 | $53,136 |
| Rochester, NH | $46,804 | 105.8 | $44,238 |
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 Bozeman
Bozeman's cost of living index is 118.5 (national average = 100). Living in Bozeman is 18.5% more expensive than the national average.
Median Home Price
$585,000
Median Monthly Rent
$2,367
Annual Rent Cost
$28,404
Your Salary's Purchasing Power
Your $36,909 annual take-home pay in Bozeman has the purchasing power of approximately $31,147 in an average-cost US area. You would need to earn $55,503 in Bozeman to match a $46,838 salary in an average-cost city.
Top Industries in Bozeman
Bozeman's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $46,838.
Salary Tips for Bozeman 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. Bozeman's top industries include Agriculture, Mining, Tourism. Targeting roles in these sectors can help you earn above the $46,838 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 Bozeman, MT?
The median salary in Bozeman, MT is $46,838 per year, or $23 per hour. The average salary is $52,459. This is $12,546 below the national median of $59,384.
What is the cost of living in Bozeman, MT?
Bozeman's cost of living index is 118.5 (national average = 100), meaning it is 18.5% more expensive compared to the national average. The median home price is $585,000 and the median monthly rent is $2,367.
What are the best industries in Bozeman?
The top industries in Bozeman, MT include Agriculture, Mining, Tourism. The city has a job growth rate of 3% and an unemployment rate of 2.1%. Workers in these industries often earn above the city's median salary of $46,838.
How does Bozeman's salary compare to other cities?
Bozeman's median salary of $46,838 is 21.1% below the national median of $59,384. However, when adjusted for cost of living (index: 118.5), the real purchasing power is approximately $39,526.
What is the minimum wage in Bozeman, MT?
The minimum wage in Bozeman, MT is $10.30 per hour. This equals approximately $21,424 per year for a full-time worker (40 hours/week). This is $3.05 above the federal minimum wage of $7.25/hour.