Montana Affordable Housing Information
- In Montana, Fair Market Rent for a two-bedroom unit is $571
- An extremely low income household (earning 30% of the AMI of $48,578) can afford monthly rent of no more than $364
- A 3-person household receiving the maximum TANF grant can afford monthly rent of no more than $140
- A minimum wage earner, earning $10,712 annually, can afford monthly rent of no more than $268
- Fair market rent for a one-bedroom unit is $451
- A household on SSI can afford monthly rent of no more than $174
- A unit is considered affordable if it costs no more than 30% of the renter's income
- 47% of renters in Montana are unable to afford Fair Market Rent for a two-bedroom unit
- In Montana, a worker earning the State Minimum Wage ($5.15 per hour) has to work 85 hours per week in order to afford a two-bedroom unit at the area's Fair Market rent
- The Housing Wage in Montana is $10.98. This is the amount a worker would have to earn per hour in order to be able to work 40 hours per week and afford a two-bedroom unit at the area's Fair Market rent. This is 213% of the present State Minimum Wage ($5.15 per hour)
Montana
Housing Resources
Montana People's Action: 406-728-5297—www.mtpaction.org
Diocese of Great Falls-Billings: 1-800-332-9998—www.dioceseofgfb.org
Diocese of Helena: 1-800-584-8914—www.diocesehelena.org
Montana Habitat for Humanity: 406-782-8579—www.habitatswmt.org
Montana Low Income Coalition: 404-449-8801—lovett@sisna.com
National Low Income Housing Coalition: www.nlihc.org
Seattle, WA 98115