Cost of living in Great Falls, MT — Housing, Rent & Index

The median home value in Great Falls, MT is $337,690 as of 2026-04. That places Great Falls near the US average for housing cost, with a cost index of approximately 95 versus a national baseline of 100.

Over the past 12 months, the median home value in Great Falls has climbed 4.0%, and over the past five years it has averaged +8.7% annual growth. The current price sits +0.0% from its 5-year peak in 2026-04.

Renters pay a median of $1,341 per month in Great Falls. Rents have changed +6.2% over the last year and averaged +8.4% per year over five years.

Beyond housing, day-to-day costs in Great Falls are shaped by state and local taxes, utility rates, transportation, and groceries. This page focuses on the housing component, which is the largest single line in most household budgets and the easiest to compare across cities using consistent national data.