Cost of Living in Shelby

Shelby's cost of living runs genuinely favorable on housing and rent even as a real, disclosed property tax premium applies.

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Genuinely affordable housing and rent

Shelby's $232,700 median property value and a real, disclosed rent spread ($590-$972/month depending on source) both run dramatically below national and Montana statewide averages (base record).

A real, disclosed property tax premium

Shelby's 1.24% effective property tax rate runs above both Toole County's 1.23% median and Montana's own 0.74% statewide anchor -- though the median annual bill ($1,444) still runs below the national median given low home values (base record).

Montana's real 5.65% top income tax rate, no sales tax

Montana's real, current two-bracket income tax (4.7%/5.65%) applies in Shelby as statewide, alongside Montana's genuine NOMAD no-general-sales-tax status (base record).

Housing costs run genuinely below the national average

Housing costs ran approximately 25.6% below the national average ($893/month single, $1,637/month for a family of four) (base record).

Key takeaways

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Last reviewed: 2026-08-28. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.