Bozeman, Montana

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2022 5-Year Estimates
53,500
Population
$74,113
Median Income
$546,100
Home Value
28.2
Median Age

Demographics

Bozeman has a population of 53,500 with a median age of 28.2. Here is the racial and ethnic breakdown of the population:

White
88.6%
Hispanic
4.8%
Other
3.6%
Asian
2.4%
Black
0.6%
Demographic Value
Total Population53,500
Median Age28.2
White88.6%
Black or African American0.6%
Asian2.4%
Hispanic or Latino4.8%
Other / Two or More Races3.6%

Income & Economy

The median household income in Bozeman is $74,113, which is 1.4% below the national median of $75,149. The per capita income is $45,037. The poverty rate is 14.7%.

$74,113
Median Household Income
$45,037
Per Capita Income
14.7%
Poverty Rate

Employment

The unemployment rate in Bozeman is 2.8%, compared to the national rate of 5.4%.

Education

In Bozeman, 97.8% of residents age 25+ have a high school diploma or higher, and 64.2% hold a bachelor's degree or higher (24.9% with a graduate or professional degree).

HS Diploma+
97.8%
Bachelor's+
64.2%
Graduate+
24.9%
Education Level % of Adults (25+)
High School Diploma or Higher97.8%
Bachelor's Degree or Higher64.2%
Graduate or Professional Degree24.9%

Housing

The median home value in Bozeman is $546,100, above the national median of $281,900. The median monthly rent is $1,447. The homeownership rate is 43.7%.

$546,100
Median Home Value
$1,447/mo
Median Rent
43.7%
Homeownership Rate
Housing Metric Value
Median Home Value$546,100
Median Monthly Rent$1,447
Homeownership Rate43.7%
Vacancy Rate7.0%

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Frequently Asked Questions

What is the population of Bozeman, Montana?
The population of Bozeman, Montana is 53,500 according to U.S. Census Bureau ACS 2022 5-Year Estimates.
What is the median household income in Bozeman, Montana?
The median household income in Bozeman, Montana is $74,113. This is 1.4% below the national median of $75,149.
What is the median home value in Bozeman, Montana?
The median home value in Bozeman, Montana is $546,100. The median monthly rent is $1,447.
What percentage of people in Bozeman have a college degree?
In Bozeman, Montana, 64.2% of adults age 25 and older hold a bachelor's degree or higher, and 97.8% have a high school diploma or higher.
Is Bozeman, Montana an affordable place to live?
The home price-to-income ratio in Bozeman, Montana is 7.4x (median home value $546,100 vs. median income $74,113), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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