Key Economic Benchmarks
Median Household Income
$69,583$5,799 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Garfield County, MT
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Garfield County, MT
Official FY2026 HUD Fair Market Rents for Garfield County, MT. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $824 | $9,888 | $32,960 | 14.2% |
| 1-Bedroom Apartment | $858 | $10,296 | $34,320 | 14.8% |
| 2-Bedroom ApartmentBenchmark | $1,099 | $13,188 | $43,960 | 19% |
| 3-Bedroom Home | $1,349 | $16,188 | $53,960 | 23.3% |
| 4-Bedroom Home | $1,777 | $21,324 | $71,080 | 30.6% |
50/30/20 Living Budget in Garfield County, MT
Based on the local median household income of $69,583/year ($5,799/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Montana
Explore net income after federal income tax, FICA, and Montana state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Montana with official federal datasets:
Frequently Asked Questions About Living in Garfield County, MT
What is the median household income in Garfield County, MT?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Garfield County, MT is $69,583 per year (approximately $5,799 per month).
What is the average rent in Garfield County, MT?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Garfield County, MT are $824 for a studio, $858 for 1 bedroom, $1,099 for 2 bedrooms, $1,349 for 3 bedrooms, and $1,777 for 4 bedrooms.
How does the cost of living in Garfield County, MT compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Garfield County, MT is 94.6 (5.4% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Garfield County, MT?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,099/month) in Garfield County, MT requires a minimum gross household income of $43,960 per year ($3,663 per month).
What is a balanced 50/30/20 monthly budget in Garfield County, MT?
For a typical household earning the median income of $69,583/year ($5,799/month) in Garfield County, MT, a balanced 50/30/20 budget allocates $2,899/month to essential needs (rent, utilities, groceries), $1,740/month to discretionary spending, and $1,160/month to savings and debt repayment.
What are typical electricity and utility costs in Garfield County, MT?
Residential electricity rates in Montana average 15.1¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $136 per month.