Cost of Living in Shepherd, MT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.7
100 = national avg
-4.3 vs national average
Living Wage (1 Adult)
$42,127
per year
Living Wage (Family of 4)
$99,572
per year
Cost Index by Category
Housing91.9
Transportation103.6
Utilities97.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,109
per month
2 Bedroom
$1,417
per month
The overall cost of living index in Shepherd is 95.7, which is 4.3% below the national average. Housing costs are below the national average at an index of 91.9. A single adult needs to earn approximately $42,127 per year to cover basic expenses.