Cost of Living in Shelby, MT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
89.3
100 = national avg
-10.7 vs national average
Living Wage (1 Adult)
$39,275
per year
Living Wage (Family of 4)
$92,831
per year
Cost Index by Category
Housing93.1
Food90.8
Transportation81.6
Healthcare92.6
Utilities93.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,052
per month
2 Bedroom
$1,230
per month
The overall cost of living index in Shelby is 89.3, which is 10.7% below the national average. Housing costs are below the national average at an index of 93.1. A single adult needs to earn approximately $39,275 per year to cover basic expenses.