The cost of living in Bozeman has steadily been on the rise and is currently 8% higher than the national average, unfortunately wages have yet to catch up.
Since fall the median price of a single-family home in Bozeman has risen to well over $550,000, which makes purchasing a home in the Bozeman area difficult for a typical family. Factor in the median household income in Bozeman is $48,612, which is 13% lower than the national average, as a result you have more and more people looking to areas outside of Bozeman for more affordable housing.
