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Bozeman, Montana Demographics & Population 2026

4th Largest4th most populous city in Montana
Most EducatedHighest rate of bachelor's degrees in Montana
Expensive MarketHome value to income ratio of 8.0x indicates a costly housing market

During the 2020–2024 ACS period, Bozeman, Montana had a total population of 56,114, the 4th largest city in Montana, with a median household income of $85,747, which is 18% higher than the state average. The poverty rate is 13.7%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Bozeman Quick Facts

Population 56,114
Median Household Income $85,747
Median Home Value $687,900
Poverty Rate 13.7%
Unemployment Rate 3.0%
Median Age 28.9 years
Homeownership Rate 44.7%
Affordability Ratio 8.0x
Bachelor's Degree or Higher 65.1%
High School Graduation Rate 97.3%
Diversity Index 28/100
Population 56,114 4th of 475
Median Income $85,747 top 30%
Poverty Rate 13.7% 10% higher than national
Median Home Value $687,900 top 10%

How Bozeman Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population55,04256,114+1.9%
Median household income$79,903$85,747+7.3%
Median home value$614,900$687,900+11.9%

How Bozeman Compares

Economy & Housing

Household Income Distribution

Under $25K 12.5%
$25K-$50K 15.5%
$50K-$100K 28.4%
$100K+ 43.5%
Detailed income brackets
Under $10K
3.8%
$10K-$15K
3.3%
$15K-$20K
2.5%
$20K-$25K
2.9%
$25K-$30K
2.2%
$30K-$35K
3.2%
$35K-$40K
3.8%
$40K-$45K
3.0%
$45K-$50K
3.3%
$50K-$60K
6.0%
$60K-$75K
9.5%
$75K-$100K
12.9%
$100K-$125K
10.8%
$125K-$150K
9.1%
$150K-$200K
8.9%
$200K+
14.7%

Employment

3.0% Unemployment Rate State: 3.6%|National: 5.2%
72.5% Labor Force Participation

Housing Overview

Owner 44.7%
Renter 55.3%
Affordability Index Very Expensive
8.0x home value to income ratio
Median gross rent $1,717/mo 24.0% of median household income annually

People & Demographics

Diversity Index

28out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 29 | National average: 61

Education

Bozeman Rankings in Montana

#4 Population of 475
#77 Median Income of 341
#15 Education of 473
#19 Home Value of 320

Other Cities in Gallatin County

CityPopulationMedian IncomePovertyHome Value
Belgrade 11,872 $97,328 11.2% $535,200
Four Corners 5,791 $100,917 6.3% $648,400
Big Sky 2,445 $138,805 4.7% $1,137,900
Manhattan 2,288 $87,865 2.9% $517,800
King Arthur Park 1,992 $109,106 7.4% N/A
Three Forks 1,919 $79,784 6.2% $395,800
West Yellowstone 1,474 $58,839 13.1% $504,300
Churchill 1,167 $108,281 6.3% $690,600
Ponderosa Pines 950 $73,681 18.0% N/A
Gallatin Gateway 933 $82,500 9.8% $814,400

Cities Similar to Bozeman

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Great Falls60,329$63,373$257,00027.8%14.5%
Missoula76,514$70,392$473,10053.0%11.8%
Helena33,639$71,036$387,30050.6%8.8%
Butte-Silver Bow35,052$61,857$257,80028.1%14.8%
Kalispell28,504$63,415$428,00034.8%10.0%

Population Overview

Bozeman is a mid-sized community located in Montana, within Gallatin County. The total population is 56,114. It ranks as the 4th most populous out of 475 Census-designated places in Montana.

Age Demographics

The median age in Bozeman is 28.9 years. This is 28% lower than the state median of 40.4 years. Only 13.2% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Bozeman is $85,747. This is 18% higher than the state median of $72,509. It is also 6% higher than the national median of $80,734. The poverty rate stands at 13.7%. This is 19% higher than the state poverty rate of 11.5%. The unemployment rate is 3.0%. This is 17% lower than the state rate of 3.6%. The median home value is $687,900. Housing costs are 83% higher than the state median of $375,800. The home-value-to-income ratio of 8.0x suggests that housing affordability is a significant concern for many residents. 44.7% of occupied housing units are owner-occupied. This homeownership rate is 35% lower than the state average of 69.2%.

Race & Ethnicity

The largest racial or ethnic group in Bozeman is White (non-Hispanic), making up 84.8% of the population. Hispanic or Latino residents account for 6.2%. The Black or African American population is significantly higher than the state average (0.8% vs 0.4%). The Asian population is significantly higher than the state average (2.1% vs 0.8%).

Education

65.1% of residents aged 25 and older hold a bachelor's degree or higher. This places Bozeman in the top 10% of all cities in the state for educational attainment. This is 85% higher than the state rate of 35.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.3%. Notably, 26.2% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Bozeman, Montana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Montana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 475 Census-designated places in Montana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Bozeman, Montana?

Bozeman, Montana has a population of 56,114 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Bozeman, MT?

The median household income in Bozeman is $85,747, which is 6% higher than the national median of $80,734.

What is the poverty rate in Bozeman, MT?

The poverty rate in Bozeman is 13.7%. This means approximately 7,104 residents live below the federal poverty line.

What is the racial makeup of Bozeman, Montana?

Bozeman's population is 84.8% White, 0.8% Black, 6.2% Hispanic/Latino, and 2.1% Asian.

What is the median home value in Bozeman, MT?

The median home value in Bozeman is $687,900. The home-value-to-income ratio is 8.0x.

How educated is Bozeman, Montana?

65.1% of adults (25+) in Bozeman hold a bachelor's degree or higher, and 26.2% hold a graduate or professional degree.