Is $40K a Good Salary in Billings, MT?
Full budget breakdown for Billings on $40K/year — take-home after taxes, rent burden, what you can afford, and how it compares to the city median.
Monthly budget in Billings on $40K
US average equivalent
$45,000
Your $40K in Billings (COL: 89) buys the same as $45,000/yr in a city with average US cost of living.
vs Billings median
-33%
The median household income in Billings is $60,000/yr. You're earning 33% below that.
Cities where $40K goes further
These cities have a lower rent burden at $40K than Billings.
Other salary levels in Billings
Frequently asked questions
Is $40K a good salary in Billings?
$40K/year in Billings gives you approximately $2,502/month in take-home pay after federal and state taxes. With a median 1BR rent of $1,200/month, your rent burden is 48% of take-home — which is considered difficult. Billings ranks #66 out of 179 cities for this salary level.
How much is $40K after taxes in Billings?
On $40K/year in Billings (MT), you take home approximately $2,502/month after federal income tax, 6.8% MT state income tax, and FICA. That is roughly $30,024/year net.
What is the cost of living in Billings on $40K?
Monthly estimated costs in Billings: rent $1,200, groceries ~$369, transportation ~$42, utilities ~$148, internet ~$68. Total estimated expenses: ~$1,827/month, leaving ~$675/month after essentials on a $40K salary.
Tax estimates use 2026 brackets · Rent data: Zillow Observed Rent Index · Budget figures are estimates for general guidance only