Albuquerque, NM vs Great Falls, MT: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, Great Falls, MT is 1.4% more expensive than Albuquerque, NM (BEA, 2024).
- To keep the same standard of living, $75,000 in Albuquerque works out to about $76,000 in Great Falls, before taxes.
- Most of the difference is housing, which costs 8.9% more in Great Falls. Goods are 0.1% lower and other services 0.2% higher.
- Typical asking rent is $1,428 a month in Great Falls and $1,490 in Albuquerque, $744 a year less in Great Falls (Zillow, September 2026).
- A typical home is valued at about $340,000 in Great Falls and $349,000 in Albuquerque.
- The gap has narrowed since 2019, when Great Falls was 6.6% less expensive than Albuquerque.
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Housing drives the gap: 8.9% higher in Great Falls than in Albuquerque
Price level by category, 2024. US average = 100.
- Albuquerque, NM
- Great Falls, MT
All items Albuquerque, NM: 95.5 Great Falls, MT: 96.8
Goods Albuquerque, NM: 96.1 Great Falls, MT: 96.0
Housing (rents) Albuquerque, NM: 89.2 Great Falls, MT: 97.1
Utilities Albuquerque, NM: 77.9 Great Falls, MT: 73.0
Other services Albuquerque, NM: 98.5 Great Falls, MT: 98.7
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Albuquerque, NM | Great Falls, MT | |
|---|---|---|
| All items | 95.5 | 96.8 |
| Goods | 96.1 | 96.0 |
| Housing (rents) | 89.2 | 97.1 |
| Utilities | 77.9 | 73.0 |
| Other services | 98.5 | 98.7 |
| Category | Albuquerque | Great Falls | Great Falls vs Albuquerque |
|---|---|---|---|
| All items | 95.5 | 96.8 | +1.4% |
| Goods | 96.1 | 96.0 | −0.1% |
| Housing (rents) | 89.2 | 97.1 | +8.9% |
| Utilities | 77.9 | 73.0 | −6.2% |
| Other services | 98.5 | 98.7 | +0.2% |
| Typical asking rent | $1,490 | $1,428 | −4.2% |
| Typical home value | $349,000 | $340,000 | −2.5% |
| Salary to match $75,000 in Albuquerque | $75,000 | $76,000 | +1.4% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Albuquerque and Great Falls has narrowed since 2008: 11.7 points then, 1.3 now
Overall price level each year, 2008–2024. US average = 100.
- Albuquerque, NM
- Great Falls, MT
US average = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Albuquerque, NM | Great Falls, MT | |
|---|---|---|
| 2008 | 97.0 | 85.3 |
| 2009 | 99.0 | 89.3 |
| 2010 | 97.4 | 85.0 |
| 2011 | 100.4 | 91.8 |
| 2012 | 99.6 | 92.3 |
| 2013 | 98.3 | 91.9 |
| 2014 | 98.5 | 92.1 |
| 2015 | 96.8 | 90.1 |
| 2016 | 96.6 | 88.0 |
| 2017 | 98.1 | 90.2 |
| 2018 | 93.9 | 91.8 |
| 2019 | 95.1 | 88.8 |
| 2020 | 94.2 | 87.0 |
| 2021 | 92.1 | 86.9 |
| 2022 | 93.4 | 91.2 |
| 2023 | 93.6 | 93.4 |
| 2024 | 95.5 | 96.8 |
Goods
- Albuquerque, NM
- Great Falls, MT
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Albuquerque, NM | Great Falls, MT | |
|---|---|---|
| 2008 | 95.8 | 94.9 |
| 2009 | 101.3 | 100.7 |
| 2010 | 97.3 | 98.0 |
| 2011 | 98.5 | 99.4 |
| 2012 | 99.9 | 99.5 |
| 2013 | 98.1 | 98.1 |
| 2014 | 96.8 | 96.4 |
| 2015 | 96.1 | 95.9 |
| 2016 | 95.0 | 92.7 |
| 2017 | 100.1 | 98.7 |
| 2018 | 96.2 | 96.2 |
| 2019 | 99.3 | 98.9 |
| 2020 | 97.0 | 95.9 |
| 2021 | 96.8 | 96.8 |
| 2022 | 97.7 | 96.4 |
| 2023 | 97.4 | 96.5 |
| 2024 | 96.1 | 96.0 |
Housing (rents)
- Albuquerque, NM
- Great Falls, MT
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Albuquerque, NM | Great Falls, MT | |
|---|---|---|
| 2008 | 96.5 | 38.9 |
| 2009 | 91.6 | 46.0 |
| 2010 | 90.9 | 40.1 |
| 2011 | 96.8 | 54.0 |
| 2012 | 91.2 | 59.8 |
| 2013 | 92.9 | 61.2 |
| 2014 | 93.9 | 60.7 |
| 2015 | 88.4 | 57.2 |
| 2016 | 91.6 | 53.7 |
| 2017 | 90.0 | 51.8 |
| 2018 | 86.3 | 73.8 |
| 2019 | 83.0 | 56.0 |
| 2020 | 86.2 | 54.1 |
| 2021 | 84.4 | 55.5 |
| 2022 | 88.7 | 77.8 |
| 2023 | 88.7 | 89.1 |
| 2024 | 89.2 | 97.1 |
Utilities
- Albuquerque, NM
- Great Falls, MT
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Albuquerque, NM | Great Falls, MT | |
|---|---|---|
| 2008 | 85.1 | 80.4 |
| 2009 | 82.3 | 78.3 |
| 2010 | 92.1 | 85.1 |
| 2011 | 94.5 | 87.5 |
| 2012 | 96.8 | 89.4 |
| 2013 | 94.9 | 87.2 |
| 2014 | 100.9 | 89.4 |
| 2015 | 98.1 | 89.9 |
| 2016 | 91.4 | 86.2 |
| 2017 | 90.8 | 81.2 |
| 2018 | 81.3 | 76.1 |
| 2019 | 80.4 | 78.9 |
| 2020 | 83.5 | 79.2 |
| 2021 | 81.2 | 73.5 |
| 2022 | 83.1 | 72.9 |
| 2023 | 77.7 | 72.7 |
| 2024 | 77.9 | 73.0 |
Other services
- Albuquerque, NM
- Great Falls, MT
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Albuquerque, NM | Great Falls, MT | |
|---|---|---|
| 2008 | 99.0 | 98.8 |
| 2009 | 101.3 | 101.3 |
| 2010 | 100.2 | 100.1 |
| 2011 | 103.7 | 102.9 |
| 2012 | 102.5 | 102.3 |
| 2013 | 100.8 | 100.7 |
| 2014 | 101.2 | 100.8 |
| 2015 | 100.2 | 100.1 |
| 2016 | 99.7 | 99.8 |
| 2017 | 99.9 | 100.2 |
| 2018 | 95.5 | 96.6 |
| 2019 | 97.3 | 97.3 |
| 2020 | 95.7 | 96.3 |
| 2021 | 91.8 | 92.5 |
| 2022 | 92.4 | 92.7 |
| 2023 | 93.8 | 93.6 |
| 2024 | 98.5 | 98.7 |
Rent and home values
Typical asking rent: $1,428 in Great Falls vs $1,490 in Albuquerque
Typical asking rent for a new lease, dollars per month. Quarterly.
- Albuquerque, NM
- Great Falls, MT
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Albuquerque, NM | Great Falls, MT | United States | |
|---|---|---|---|
| Mar 2015 | $825 | – | $1,145 |
| Jun 2015 | $837 | – | $1,170 |
| Sep 2015 | $838 | – | $1,181 |
| Dec 2015 | $838 | – | $1,182 |
| Mar 2016 | $847 | – | $1,195 |
| Jun 2016 | $859 | – | $1,219 |
| Sep 2016 | $859 | – | $1,225 |
| Dec 2016 | $854 | – | $1,222 |
| Mar 2017 | $874 | – | $1,245 |
| Jun 2017 | $885 | – | $1,270 |
| Sep 2017 | $888 | $823 | $1,276 |
| Dec 2017 | $885 | $814 | $1,275 |
| Mar 2018 | $896 | $826 | $1,296 |
| Jun 2018 | $912 | $832 | $1,320 |
| Sep 2018 | $920 | $842 | $1,327 |
| Dec 2018 | $922 | $823 | $1,329 |
| Mar 2019 | $935 | $836 | $1,349 |
| Jun 2019 | $957 | $857 | $1,376 |
| Sep 2019 | $969 | $862 | $1,383 |
| Dec 2019 | $967 | $857 | $1,381 |
| Mar 2020 | $983 | $861 | $1,402 |
| Jun 2020 | $994 | $890 | $1,406 |
| Sep 2020 | $1,030 | $907 | $1,410 |
| Dec 2020 | $1,038 | $906 | $1,407 |
| Mar 2021 | $1,071 | $934 | $1,443 |
| Jun 2021 | $1,138 | $992 | $1,512 |
| Sep 2021 | $1,209 | $1,058 | $1,590 |
| Dec 2021 | $1,221 | $1,039 | $1,622 |
| Mar 2022 | $1,250 | $1,114 | $1,661 |
| Jun 2022 | $1,312 | $1,151 | $1,721 |
| Sep 2022 | $1,340 | $1,207 | $1,748 |
| Dec 2022 | $1,343 | $1,265 | $1,735 |
| Mar 2023 | $1,352 | $1,238 | $1,757 |
| Jun 2023 | $1,383 | $1,221 | $1,785 |
| Sep 2023 | $1,398 | $1,247 | $1,797 |
| Dec 2023 | $1,396 | $1,224 | $1,786 |
| Mar 2024 | $1,402 | $1,254 | $1,807 |
| Jun 2024 | $1,429 | $1,288 | $1,837 |
| Sep 2024 | $1,442 | $1,336 | $1,845 |
| Dec 2024 | $1,433 | $1,314 | $1,836 |
| Mar 2025 | $1,453 | $1,341 | $1,860 |
| Jun 2025 | $1,462 | $1,357 | $1,880 |
| Sep 2025 | $1,471 | $1,373 | $1,881 |
| Dec 2025 | $1,457 | $1,367 | $1,873 |
| Mar 2026 | $1,467 | $1,390 | $1,894 |
| Jun 2026 | $1,480 | $1,429 | $1,921 |
| Sep 2026 | $1,490 | $1,428 | $1,932 |
Typical home value: $340,000 in Great Falls vs $349,000 in Albuquerque
Typical home value, dollars. Quarterly.
- Albuquerque, NM
- Great Falls, MT
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Albuquerque, NM | Great Falls, MT | United States | |
|---|---|---|---|
| Mar 2015 | $172K | $164K | $189K |
| Jun 2015 | $173K | $166K | $192K |
| Sep 2015 | $174K | $168K | $195K |
| Dec 2015 | $176K | $170K | $199K |
| Mar 2016 | $179K | $171K | $202K |
| Jun 2016 | $181K | $172K | $204K |
| Sep 2016 | $182K | $172K | $206K |
| Dec 2016 | $184K | $174K | $209K |
| Mar 2017 | $185K | $174K | $213K |
| Jun 2017 | $187K | $176K | $216K |
| Sep 2017 | $188K | $177K | $219K |
| Dec 2017 | $190K | $179K | $223K |
| Mar 2018 | $192K | $180K | $227K |
| Jun 2018 | $194K | $183K | $230K |
| Sep 2018 | $197K | $186K | $234K |
| Dec 2018 | $198K | $188K | $236K |
| Mar 2019 | $202K | $190K | $239K |
| Jun 2019 | $207K | $192K | $242K |
| Sep 2019 | $209K | $194K | $244K |
| Dec 2019 | $213K | $195K | $247K |
| Mar 2020 | $217K | $198K | $252K |
| Jun 2020 | $222K | $200K | $255K |
| Sep 2020 | $229K | $204K | $260K |
| Dec 2020 | $239K | $211K | $271K |
| Mar 2021 | $251K | $219K | $282K |
| Jun 2021 | $264K | $231K | $296K |
| Sep 2021 | $272K | $240K | $306K |
| Dec 2021 | $278K | $248K | $314K |
| Mar 2022 | $295K | $263K | $330K |
| Jun 2022 | $310K | $277K | $346K |
| Sep 2022 | $313K | $278K | $348K |
| Dec 2022 | $311K | $278K | $345K |
| Mar 2023 | $311K | $279K | $343K |
| Jun 2023 | $318K | $289K | $347K |
| Sep 2023 | $325K | $295K | $352K |
| Dec 2023 | $329K | $298K | $354K |
| Mar 2024 | $333K | $303K | $357K |
| Jun 2024 | $336K | $307K | $361K |
| Sep 2024 | $338K | $310K | $361K |
| Dec 2024 | $341K | $318K | $363K |
| Mar 2025 | $344K | $325K | $364K |
| Jun 2025 | $344K | $328K | $362K |
| Sep 2025 | $343K | $331K | $362K |
| Dec 2025 | $345K | $334K | $364K |
| Mar 2026 | $347K | $339K | $366K |
| Jun 2026 | $348K | $340K | $365K |
| Sep 2026 | $349K | $340K | $366K |
More about each city
- Cost of living in Albuquerque, NM
- Cost of living in Great Falls, MT
- Reverse: moving from Great Falls to Albuquerque
Related comparisons
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.