Cost of Living & Housing in Conrad
Conrad's cost of living centers on genuinely affordable home prices relative to Montana's own elevated statewide averages, paired with a modestly elevated property tax rate and a real, disclosed cross-source uncertainty in Conrad's own household-income trend.
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Learn moreA genuinely affordable home price relative to Montana statewide
Conrad's own median home price ran approximately $182,850 (Ownwell) -- well below Montana's own $467,919 statewide average home value, though somewhat higher than this dataset's other nearby Montana Tier C markets (Malta, Chinook, Plentywood) (base record).
A 1.04% effective property tax rate -- modestly above the national and Montana statewide medians
Conrad's own 1.04% effective property tax rate (Ownwell) runs modestly above the national median (approximately 1.02%) and the Montana statewide median Ownwell itself cites (0.83%), though the gap runs genuinely smaller than this dataset documents for Malta, Chinook, and Plentywood. The resulting dollar bill stays below the national median ($1,845 versus $2,400) (base record).
Montana's 5.65% top income tax rate and no general sales tax
Montana's real, current 2026 individual income tax runs a two-bracket structure topping out at 5.65% on income above $47,500 (single/MFS) or $95,000 (MFJ), with a further reduction to 5.4% scheduled for 2027. Montana levies no general statewide sales tax, and Conrad is not one of the narrow list of resort communities that levy a local exception (base record).
A real, disclosed uncertainty in Conrad's household-income trend
Conrad's own median household income carries a real, disclosed cross-source spread this record does not resolve to one number: $55,398 for 2020 versus a notably lower $47,857 for 2024. Confirm current, specific figures directly with the U.S. Census Bureau (base record).
Key takeaways
- Conrad's median home price runs approximately $182,850 -- genuinely affordable relative to Montana's own $467,919 statewide average.
- Conrad's own 1.04% effective property tax rate runs modestly above both the national and Montana statewide medians, a smaller gap than this dataset's other nearby Montana Tier C markets.
- Montana's 5.65% top income tax rate and lack of a general sales tax apply in Conrad as they do statewide.
- Conrad's own household-income trend carries a real, disclosed cross-source spread not resolved this pass -- confirm current figures directly.
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