Boulder, CO vs Bozeman, MT: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, Bozeman, MT is 2.6% less expensive than Boulder, CO (BEA, 2024).
- To keep the same standard of living, $75,000 in Boulder works out to about $73,100 in Bozeman, before taxes.
- Most of the difference is housing, which costs 11.4% less in Bozeman. Goods are 0.0% lower and other services 1.1% lower.
- Typical asking rent is $2,201 a month in Bozeman and $2,196 in Boulder, nearly the same (Zillow, September 2026).
- A typical home is valued at about $698,000 in Bozeman and $707,000 in Boulder.
- The gap has narrowed since 2019, when Bozeman was 5.6% less expensive than Boulder.
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: 11.4% lower in Bozeman than in Boulder
Price level by category, 2024. US average = 100.
- Boulder, CO
- Bozeman, MT
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Boulder, CO | Bozeman, MT | |
|---|---|---|
| All items | 105.2 | 102.5 |
| Goods | 96.1 | 96.0 |
| Housing (rents) | 157.0 | 139.2 |
| Utilities | 82.7 | 73.6 |
| Other services | 99.8 | 98.7 |
| Category | Boulder | Bozeman | Bozeman vs Boulder |
|---|---|---|---|
| All items | 105.2 | 102.5 | −2.6% |
| Goods | 96.1 | 96.0 | 0.0% |
| Housing (rents) | 157.0 | 139.2 | −11.4% |
| Utilities | 82.7 | 73.6 | −11.0% |
| Other services | 99.8 | 98.7 | −1.1% |
| Typical asking rent | $2,196 | $2,201 | +0.2% |
| Typical home value | $707,000 | $698,000 | −1.3% |
| Salary to match $75,000 in Boulder | $75,000 | $73,100 | −2.6% |
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 Boulder and Bozeman has narrowed since 2008: 9.7 points then, 2.7 now
Overall price level each year, 2008–2024. US average = 100.
- Boulder, CO
- Bozeman, MT
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Boulder, CO | Bozeman, MT | |
|---|---|---|
| 2008 | 108.5 | 98.8 |
| 2009 | 105.6 | 95.8 |
| 2010 | 104.5 | 95.1 |
| 2011 | 107.1 | 96.5 |
| 2012 | 107.5 | 97.1 |
| 2013 | 105.8 | 94.1 |
| 2014 | 106.3 | 96.9 |
| 2015 | 106.8 | 99.1 |
| 2016 | 105.6 | 97.5 |
| 2017 | 105.3 | 98.9 |
| 2018 | 101.7 | 97.3 |
| 2019 | 105.5 | 99.5 |
| 2020 | 101.7 | 96.5 |
| 2021 | 100.9 | 95.8 |
| 2022 | 99.9 | 94.8 |
| 2023 | 100.6 | 99.0 |
| 2024 | 105.2 | 102.5 |
Goods
- Boulder, CO
- Bozeman, MT
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Boulder, CO | Bozeman, MT | |
|---|---|---|
| 2008 | 108.1 | 101.6 |
| 2009 | 103.0 | 99.3 |
| 2010 | 103.0 | 99.7 |
| 2011 | 103.3 | 99.7 |
| 2012 | 102.9 | 97.1 |
| 2013 | 103.1 | 95.3 |
| 2014 | 101.8 | 97.5 |
| 2015 | 100.3 | 103.1 |
| 2016 | 100.4 | 104.8 |
| 2017 | 99.1 | 102.9 |
| 2018 | 96.0 | 96.2 |
| 2019 | 99.2 | 98.9 |
| 2020 | 96.1 | 95.9 |
| 2021 | 96.3 | 96.8 |
| 2022 | 96.4 | 96.4 |
| 2023 | 96.3 | 96.5 |
| 2024 | 96.1 | 96.0 |
Housing (rents)
- Boulder, CO
- Bozeman, MT
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Boulder, CO | Bozeman, MT | |
|---|---|---|
| 2008 | 145.7 | 90.8 |
| 2009 | 139.7 | 84.0 |
| 2010 | 144.5 | 84.5 |
| 2011 | 151.0 | 87.0 |
| 2012 | 145.8 | 97.8 |
| 2013 | 135.8 | 79.2 |
| 2014 | 149.0 | 92.2 |
| 2015 | 159.2 | 92.5 |
| 2016 | 151.5 | 88.8 |
| 2017 | 157.9 | 93.3 |
| 2018 | 151.8 | 104.6 |
| 2019 | 170.6 | 111.2 |
| 2020 | 146.5 | 100.8 |
| 2021 | 166.3 | 108.1 |
| 2022 | 150.3 | 102.9 |
| 2023 | 148.6 | 131.5 |
| 2024 | 157.0 | 139.2 |
Utilities
- Boulder, CO
- Bozeman, MT
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Boulder, CO | Bozeman, MT | |
|---|---|---|
| 2008 | 78.8 | 75.2 |
| 2009 | 78.7 | 75.0 |
| 2010 | 81.5 | 79.7 |
| 2011 | 90.3 | 84.6 |
| 2012 | 81.5 | 83.9 |
| 2013 | 79.1 | 84.5 |
| 2014 | 97.7 | 83.2 |
| 2015 | 86.6 | 84.7 |
| 2016 | 87.6 | 87.7 |
| 2017 | 84.2 | 85.4 |
| 2018 | 80.6 | 77.3 |
| 2019 | 84.5 | 79.5 |
| 2020 | 83.8 | 78.9 |
| 2021 | 79.0 | 74.7 |
| 2022 | 84.5 | 73.1 |
| 2023 | 78.8 | 73.6 |
| 2024 | 82.7 | 73.6 |
Other services
- Boulder, CO
- Bozeman, MT
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Boulder, CO | Bozeman, MT | |
|---|---|---|
| 2008 | 101.3 | 101.4 |
| 2009 | 100.2 | 99.3 |
| 2010 | 96.7 | 97.3 |
| 2011 | 99.8 | 98.7 |
| 2012 | 102.1 | 97.5 |
| 2013 | 101.3 | 99.4 |
| 2014 | 99.8 | 99.3 |
| 2015 | 99.9 | 99.2 |
| 2016 | 99.0 | 95.9 |
| 2017 | 98.2 | 99.0 |
| 2018 | 95.6 | 96.6 |
| 2019 | 96.5 | 97.3 |
| 2020 | 94.7 | 96.3 |
| 2021 | 91.1 | 92.5 |
| 2022 | 91.6 | 92.7 |
| 2023 | 93.1 | 93.6 |
| 2024 | 99.8 | 98.7 |
Rent and home values
Typical asking rent: $2,201 in Bozeman vs $2,196 in Boulder
Typical asking rent for a new lease, dollars per month. Quarterly.
- Boulder, CO
- Bozeman, 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
| Boulder, CO | Bozeman, MT | United States | |
|---|---|---|---|
| Mar 2015 | $1,357 | – | $1,145 |
| Jun 2015 | $1,400 | – | $1,170 |
| Sep 2015 | $1,444 | – | $1,181 |
| Dec 2015 | $1,425 | – | $1,182 |
| Mar 2016 | $1,464 | – | $1,195 |
| Jun 2016 | $1,479 | – | $1,219 |
| Sep 2016 | $1,472 | – | $1,225 |
| Dec 2016 | $1,448 | – | $1,222 |
| Mar 2017 | $1,513 | – | $1,245 |
| Jun 2017 | $1,534 | – | $1,270 |
| Sep 2017 | $1,537 | – | $1,276 |
| Dec 2017 | $1,543 | – | $1,275 |
| Mar 2018 | $1,561 | – | $1,296 |
| Jun 2018 | $1,599 | – | $1,320 |
| Sep 2018 | $1,612 | – | $1,327 |
| Dec 2018 | $1,602 | – | $1,329 |
| Mar 2019 | $1,634 | – | $1,349 |
| Jun 2019 | $1,658 | – | $1,376 |
| Sep 2019 | $1,655 | – | $1,383 |
| Dec 2019 | $1,669 | – | $1,381 |
| Mar 2020 | $1,686 | – | $1,402 |
| Jun 2020 | $1,676 | – | $1,406 |
| Sep 2020 | $1,698 | – | $1,410 |
| Dec 2020 | $1,687 | – | $1,407 |
| Mar 2021 | $1,738 | $1,745 | $1,443 |
| Jun 2021 | $1,806 | $1,823 | $1,512 |
| Sep 2021 | $1,874 | $1,892 | $1,590 |
| Dec 2021 | $1,873 | $1,971 | $1,622 |
| Mar 2022 | $1,948 | $2,024 | $1,661 |
| Jun 2022 | $1,993 | $2,120 | $1,721 |
| Sep 2022 | $2,010 | $2,180 | $1,748 |
| Dec 2022 | $1,989 | $2,050 | $1,735 |
| Mar 2023 | $2,025 | $2,165 | $1,757 |
| Jun 2023 | $2,080 | $2,210 | $1,785 |
| Sep 2023 | $2,094 | $2,169 | $1,797 |
| Dec 2023 | $2,079 | $2,096 | $1,786 |
| Mar 2024 | $2,095 | $2,151 | $1,807 |
| Jun 2024 | $2,154 | $2,209 | $1,837 |
| Sep 2024 | $2,154 | $2,207 | $1,845 |
| Dec 2024 | $2,152 | $2,158 | $1,836 |
| Mar 2025 | $2,143 | $2,159 | $1,860 |
| Jun 2025 | $2,191 | $2,189 | $1,880 |
| Sep 2025 | $2,142 | $2,119 | $1,881 |
| Dec 2025 | $2,130 | $2,095 | $1,873 |
| Mar 2026 | $2,166 | $2,123 | $1,894 |
| Jun 2026 | $2,216 | $2,214 | $1,921 |
| Sep 2026 | $2,196 | $2,201 | $1,932 |
Typical home value: $698,000 in Bozeman vs $707,000 in Boulder
Typical home value, dollars. Quarterly.
- Boulder, CO
- Bozeman, 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
| Boulder, CO | Bozeman, MT | United States | |
|---|---|---|---|
| Mar 2015 | $391K | $298K | $189K |
| Jun 2015 | $402K | $306K | $192K |
| Sep 2015 | $416K | $318K | $195K |
| Dec 2015 | $432K | $326K | $199K |
| Mar 2016 | $448K | $333K | $202K |
| Jun 2016 | $463K | $342K | $204K |
| Sep 2016 | $472K | $348K | $206K |
| Dec 2016 | $481K | $354K | $209K |
| Mar 2017 | $493K | $364K | $213K |
| Jun 2017 | $503K | $374K | $216K |
| Sep 2017 | $506K | $385K | $219K |
| Dec 2017 | $512K | $392K | $223K |
| Mar 2018 | $515K | $403K | $227K |
| Jun 2018 | $522K | $414K | $230K |
| Sep 2018 | $527K | $421K | $234K |
| Dec 2018 | $532K | $427K | $236K |
| Mar 2019 | $536K | $430K | $239K |
| Jun 2019 | $538K | $435K | $242K |
| Sep 2019 | $542K | $442K | $244K |
| Dec 2019 | $548K | $451K | $247K |
| Mar 2020 | $560K | $464K | $252K |
| Jun 2020 | $562K | $474K | $255K |
| Sep 2020 | $566K | $484K | $260K |
| Dec 2020 | $586K | $509K | $271K |
| Mar 2021 | $609K | $547K | $282K |
| Jun 2021 | $650K | $607K | $296K |
| Sep 2021 | $670K | $630K | $306K |
| Dec 2021 | $681K | $640K | $314K |
| Mar 2022 | $728K | $672K | $330K |
| Jun 2022 | $778K | $710K | $346K |
| Sep 2022 | $759K | $700K | $348K |
| Dec 2022 | $743K | $675K | $345K |
| Mar 2023 | $731K | $661K | $343K |
| Jun 2023 | $726K | $669K | $347K |
| Sep 2023 | $731K | $678K | $352K |
| Dec 2023 | $733K | $688K | $354K |
| Mar 2024 | $734K | $706K | $357K |
| Jun 2024 | $734K | $713K | $361K |
| Sep 2024 | $731K | $713K | $361K |
| Dec 2024 | $735K | $712K | $363K |
| Mar 2025 | $733K | $711K | $364K |
| Jun 2025 | $717K | $700K | $362K |
| Sep 2025 | $710K | $690K | $362K |
| Dec 2025 | $714K | $697K | $364K |
| Mar 2026 | $710K | $701K | $366K |
| Jun 2026 | $703K | $696K | $365K |
| Sep 2026 | $707K | $698K | $366K |
More about each city
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.