Living in Nye, Montana

Cost of living, income, home prices, rent and demographics of Nye · Census data 2020–2024

Nye has 85 residents with a median age of 52.4. The median household income is $103,542 (43% higher than the Montana median), the median home value is $500,000.

Nye is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.

Nye at a glance

Population
85
Median age
52.4State: 40.4
Median household income
$103,542State: $72,509
Median home value
$500,000State: $375,800
Homeowners
74.3%
Bachelor's degree or higher
27.9%
Average commute
8 min

Is Nye a good place to live?

Pros: Median household income 43% higher than the Montana median; an average commute of 8 minutes.

Cons: Home values 33% higher than the state median; a poverty rate of 15.1%.

The weather is best in June to September.

Cost of living in Nye

Housing is the biggest part of the cost of living. In Nye the median home value is $500,000, 50% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.

Median home value

Nye$500,000
Montana$375,800
United States$332,700

Median monthly rent

Montana$1,081
United States$1,413

Nye median household income

The median household income in Nye is $103,542 and the income per person is $35,847. 15.1% of residents live below the poverty line (Montana: 11.5%).

Median household income

Nye$103,542
Montana$72,509
United States$80,734

Housing in Nye: homes for sale and rent

Housing units
47
Owner-occupied
74.3%
Renter-occupied
25.7%
Vacant
25.5%Includes seasonal homes
Median year built
1978
Average household size
2.43

Nye demographics

Population
85
Median age
52.4
Under 18
28.2%
65 and older
5.9%
Households
35
Foreign-born
0%
Veterans
31.1%Adults 18+

Race and ethnicity

White100%
Hispanic or Latino0%
Black0%
Asian0%

Hispanic or Latino can be of any race. Population history of Nye ›

Education in Nye

27.9% of adults 25 and older in Nye have a bachelor's degree or higher (Montana: 35.2%), and 0% have a graduate or professional degree.

Bachelor's degree or higher

Nye27.9%
Montana35.2%
United States35.7%

Jobs and commute in Nye

Unemployment rate
0%State: 3.6%
Average commute
8 minState: 19 min
Work from home
6.1%
Drive alone
51.5%
Public transit
0%
Walk to work
6.1%
Homes with broadband
97.1%

Nye vs nearby towns

TownPopulationMedian incomeHome valueRent
Nye85$103,542$500,000—
Absarokee926$77,143$292,000$927
Greycliff158$70,417——
Big Timber1,611$66,898$278,200$1,109
Columbus2,003$65,250$282,800$945
Roberts191$95,917—$1,375
Red Lodge2,502$55,750$380,700$717

More for people moving to Nye

Nye ZIP code ›Weather and climate ›

Living in Nye: FAQ

What is the median household income in Nye, MT?

The median household income in Nye is $103,542, 43% higher than the Montana median of $72,509 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).

What is the average home price in Nye?

The median home value in Nye is $500,000, compared with $375,800 in Montana.

Is Nye, MT a good place to live?

Pluses: median household income 43% higher than the Montana median; an average commute of 8 minutes. Minuses: home values 33% higher than the state median; a poverty rate of 15.1%.

What is the median age in Nye?

The median age in Nye is 52.4 years (Montana: 40.4).

How long is the commute in Nye?

The average commute to work in Nye is 8 minutes; 6.1% of workers work from home.

What is the unemployment rate in Nye?

The unemployment rate in Nye is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).

How educated is Nye?

27.9% of adults in Nye have a bachelor's degree or higher.

Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.

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