Cost of LivingUpdated 2026-03-23

Billings, Montana

In Billings, Montana, a gallon of regular gas costs $3.59 as of 2026-03-23 — $0.14 above the national average of $3.45. The average monthly rent for all unit types is $1,350, compared to the national average of $1,900. Grocery inflation is running at 2.58% year-over-year. Since 2022, bread prices have increased significantly while egg prices have been volatile due to avian flu outbreaks. Billings's cost-of-living index of 88 puts it below the national average of 100.

StatesMontanaBillings

Key Numbers

Gas (Regular)

$3.59

National: $3.45

15.7%vs. 2022
AAA Gas Prices

Avg Rent (All)

$1,350

National: $1,900

14.0%vs. 2022

Grocery Inflation

2.58%

Year-over-year

BLS/FRED CPI

Fast Food Avg

$11.88

Combo meal

4.9%YoY

Electricity

11.9¢/kWh

~$107/mo avg bill

26.5%vs national avg
EIA Residential

Car Insurance

$165/mo

$1,980/yr state avg

7.9%vs national avg
Bankrate/NAIC

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Grocery Prices

Grocery Item Prices — 2022 to Present

Item20222023202420252026Change
Eggs (dozen)Bird flu volatility$1.70$2.03$2.55$3.74$2.06+2960.0%
Milk (gallon)$3.43$3.71$3.64$3.75$3.83+630.0%
Ground Beef (lb)$3.65$4.48$4.66$4.94$5.04+38.1%
Bread (loaf)$2.08$2.81$3.07$3.19$3.22+1900.0%
Chicken Breast (lb)$3.44$3.61$3.76$3.84$3.84+2630.0%
Butter (lb)$4.12$4.71$4.95$5.05$5.25+27.4%
Bacon (lb)$6.00$6.48$6.94$7.36$7.58+26.3%
Cheddar Cheese (lb)$5.47$6.08$6.20$6.51$6.71+22.7%
Pasta (lb)$1.39$1.66$1.76$1.85$1.87+34.5%
Rice (5 lb)$4.12$4.83$5.12$5.17$5.38+30.6%
Coffee (12 oz)$7.93$9.33$10.18$10.58$10.90+37.5%
Orange Juice (64 oz)Citrus shortage$3.58$4.27$4.65$4.93$5.08+41.9%
Potatoes (5 lb)$3.69$3.99$4.15$4.23$4.31+16.8%
Apples (3 lb)$4.28$4.45$4.72$4.81$4.91+14.7%
Tomatoes (lb)$2.12$2.42$2.62$2.81$2.87+35.4%
Lettuce (head)$1.75$1.94$2.05$2.20$2.27+29.7%
Cooking Oil (48 oz)$5.39$6.80$7.49$7.87$8.11+50.5%
Yogurt (32 oz)$3.92$4.23$4.40$4.67$4.72+20.4%
Cereal (family size)$4.66$5.25$5.67$5.96$6.08+30.5%
Frozen Pizza$6.08$7.30$8.04$8.44$8.52+40.1%

Dining & Restaurants

Fast Food Meal

$11.88

Casual Dining

$24.02

Monthly Spend

$390.99

+4.92% YoY

Chain Restaurant Meal Prices — 2022 vs. Today

Combo meal / typical order for one

McDonald's

2022: $7.37

$11.88

+61.2%

Wendy's

2022: $8.32

$12.83

+54.2%

Chipotle

2022: $8.91

$13.31

+49.4%

Starbucks

2022: $4.12

$5.72

+38.8%

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Looking for an Apartment in Billings?

Average 1BR: $1,053/mo · 2BR: $1,593/mo

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