Billings, MT Economy


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Billings, MT is a vibrant city situated in the state of Montana. It offers great living options with affordable 2-bedroom rental rates that are lower than the national average. The grocery cost index in Billings is also one point higher than the national average, providing residents with access to more affordable food options. The city is home to many businesses and organizations, such as Yellowstone Bank, Anderson ZurMuehlen & Co., P.C., Billings Clinic Medical Center, St. Vincent Healthcare, and Big Sky Economic Development Corporation. Additionally, the city boasts an active art scene with numerous galleries and cultural centers which provide arts education to all ages. With its excellent amenities and low cost of living, Billings continues to be a popular destination for those looking for a place to call home.

Billings has an unemployment rate of 4.1%. The US average is 6.0%.

Billings has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.

Tax Rates for Billings
- The Sales Tax Rate for Billings is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Billings is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Billings
- The average income of a Billings resident is $37,976 a year. The US average is $37,638 a year.
- The Median household income of a Billings resident is $63,608 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBillings, MontanaUnited States
  4.16
  -1.1%-6.2%
  24.4%33.5%
  0.0%6.2%
  6.9%4.6%
  $37,976$37,638
  $63,608$69,021
  $82,514$85,028
  Population by Occupation
  0.7%1.2%
  1.1%0.5%
  7.1%6.8%
  3.9%10.0%
  3.2%2.5%
  12.5%11.0%
  6.0%4.8%
  0.7%0.8%
  1.8%1.9%
  4.4%4.7%
  1.8%1.9%
  6.5%7.6%
  0.1%0.1%
  3.4%4.2%
  7.4%9.3%
  18.3%14.0%
  2.3%2.1%
  8.9%7.0%
  5.2%4.8%
  4.5%4.7%
Reviews for Billings
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Over 1 years ago

I would give this place four stars, but decided to give it five because it’s been so underrated. The five stars is contingent upon the city following through with its  More

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Over 1 years ago

A few people make a living in Billings, most people only make an existents. As for the crime rate, it depends on your point of view. If you compare Billings crime rate  More

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Over 3 years ago

If you enjoy sub zero temperatures in Winter and 100 plus degrees in the Summer. You will love Billings. Snow plowing is almost non existent, so good luck driving for 5  More

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