Salary Needed to Live in Billings as a Family
A family of four (2 adults, 2 children) needs approximately $56,669/year to live comfortably in Billings, MT — including 15% savings.
Comfortable Salary
$56,669
with 15% savings
Bare Minimum
$45,025
no savings buffer
Monthly Expenses
$2,739
6% below national avg
Detailed Monthly Budget for a Family in Billings
| Expense | Billings | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $196 | $209 | -6% |
| 🛒 Groceries | $46 | $44 | +5% |
| ⚡ Utilities | $24 | $28 | -14% |
| 🚗 Transportation | $48 | $44 | +9% |
| 🛡️ Car Insurance | $132 | $215 | -39% |
| 🏥 Health Insurance | $56 | $54 | +4% |
| Childcare/After-school | $1,152 | $1,200 | -4% |
| Internet + Phones | $173 | $180 | -4% |
| Children Activities | $240 | $250 | -4% |
| Dining Out | $336 | $350 | -4% |
| School Supplies & Clothing | $192 | $200 | -4% |
| Healthcare Co-pays | $144 | $150 | -4% |
| Total Monthly | $2,739 | $2,924 | -6% |
How We Calculated the Salary
Monthly expenses:$2,739
Target savings (15%):$608/mo
Monthly after-tax needed:$3,347
Effective tax rate:27%
Gross annual salary needed:$56,669
Other Household Types in Billings
Related Pages
FAQ
What salary does a family with kids need in Billings?
A family with kids needs approximately $56,669/year ($4,722/month gross) to live comfortably in Billings with a 15% savings rate.
How much is rent for a family with kids in Billings?
A 3br apartment/house in Billings costs approximately $196/month, which is the largest single expense at 7% of the total budget.
Is Billings affordable for a family with kids?
Yes, Billings is 6% more affordable than the national average for a family with kids.