#35
Montana
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State Facts
Minimum Wage
$8.30
Average Renter Wage
$12.23
2-Bedroom Housing Wage
$16.13
Number of Renter Households
135,346
Percent Renters
33%
Affordable Rent for Low Income Households
Fair Market Rent
Working at
minimum wage
$8.30/hr
Each week you
have to work
61HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | Montana | Beaverhead County |
|---|---|---|
| Total | 412,653 | 4,008 |
| Renter | 135,346 | 1,478 |
| Percent Renters | 33% | 37% |
| Housing Wage | Montana | Beaverhead County |
|---|---|---|
| Zero-Bedroom | $11.21 | $9.48 |
| One-Bedroom | $12.64 | $10.90 |
| Two-Bedroom | $16.13 | $13.40 |
| Three-Bedroom | $22.57 | $17.98 |
| Four-Bedroom | $27.17 | $23.62 |
| Fair Market Rent | Montana | Beaverhead County |
|---|---|---|
| Zero-Bedroom | $583 | $493 |
| One-Bedroom | $657 | $567 |
| Two-Bedroom | $839 | $697 |
| Three-Bedroom | $1,174 | $935 |
| Four-Bedroom | $1,413 | $1,228 |
| Annual Income Needed to Afford | Montana | Beaverhead County |
|---|---|---|
| Zero-Bedroom | $23,314 | $19,720 |
| One-Bedroom | $26,290 | $22,680 |
| Two-Bedroom | $33,545 | $27,880 |
| Three-Bedroom | $46,945 | $37,400 |
| Four-Bedroom | $56,521 | $49,120 |
| Minimum Wage | Montana | Beaverhead County |
|---|---|---|
| Minimum Wage | $8.30 | $8.30 |
| Rent Affordable at Minimum Wage | $432 | $432 |
| Work Hours/Week at Minimum Wage | Montana | Beaverhead County |
|---|---|---|
| Zero-Bedroom | 54 | 46 |
| One-Bedroom | 61 | 53 |
| Two-Bedroom | 78 | 65 |
| Three-Bedroom | 109 | 87 |
| Four-Bedroom | 131 | 114 |
| Renter Wage | Montana | Beaverhead County |
|---|---|---|
| Estimated Mean Renter Wage | $12.23 | $10.09 |
| Rent Affordable at Mean Renter Wage | $636 | $525 |
| Work Hours/Week at Mean Renter Wage | Montana | Beaverhead County |
|---|---|---|
| Zero-Bedroom | 37 | 38 |
| One-Bedroom | 41 | 43 |
| Two-Bedroom | 53 | 53 |
| Three-Bedroom | 74 | 71 |
| Four-Bedroom | 89 | 94 |
| Supplemental Security Income (SSI) Payment | Montana | Beaverhead County |
|---|---|---|
| SSI Monthly Payment | $750 | $750 |
| Rent Affordable to SSI Recipient | $225 | $225 |
| Income Levels | Montana | Beaverhead County |
|---|---|---|
| 30% of Area Median Income (AMI) | $19,752 | $19,920 |
| Estimated Renter Median Household Income | $31,868 | $24,944 |
| Rent Affordable at Different Income Levels | Montana | Beaverhead County |
|---|---|---|
| 30% of Area Median Income (AMI) | $494 | $498 |
| Estimated Renter Median Household Income | $797 | $624 |
*50th percentile FMR area (See Appendix B of full book for more information).
†Renter wage data not available.
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