Cost of Living in Great Falls, MT

How far does a $70,000 salary go in Great Falls? Estimated income taxes on that gross salary total approximately $10,264 per year — combining federal taxes with Montana's state income tax. Subtract rent for a 2-bedroom apartment ($1,284/month based on HUD Fair Market Rents for the Great Falls metro area) and the estimated annual take-home is $44,328, or roughly $3,694 per month for everything else: food, transportation, savings, and discretionary spending.

The Great Falls metro has a cost of living index of 89.1 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). At 11% below the national average, Great Falls is a genuinely affordable metro where everyday expenses stretch further than in most cities.

At a $70,000 salary, the estimated 2-bedroom rent in Great Falls represents approximately 22% of gross income. That falls comfortably below the 30% rent-burden guideline, a healthy position for building savings.