Welcome to Billings, Montana
A city that is as vibrant and diverse as it is welcoming. With its unique blend of cultural richness, economic dynamism, and friendly community spirit, Billings has something for everyone. Let’s take a closer look at key demographic, economic, and social characteristics that make this city a prime destination for potential residents or investors.
Average Salary in Billings
Its average salary is a central indicator of Billings’s robust economy. The earnings compete favorably with many other locations nationwide, with a figure standing at $54,000. This competitive wage, combined with a wide range of job opportunities in sectors as diverse as Healthcare, education, government, retail, manufacturing makes Billings an ideal location for professionals from various walks of life.
Median Home Value in Billings
The real estate landscape in Billings is as varied as it is promising. The median home value is $250,000, offering everything from cosy starter homes to luxurious residences. An impressive homeownership rate of 36.40% underlines Billings as a prime spot for long-term investment and stability.
For those who prefer the flexibility of renting, they’ll be in good company. 63.60% of the local populace choose to rent, drawn by a versatile rental market that offers options for everyone from recent graduates to retirees.
Credit Ratings and Loan Opportunities in Billings
The financial health of a city’s residents can be crucial in numerous aspects, including the capacity to secure loans. In Montana, the average credit score sits at 731. This rating is a key factor for financial institutions when offering loans, with higher scores often leading to more favorable loan conditions.
However, a low credit score is not a roadblock in Billings. Numerous lenders in the city are specialists in offering guidance and loan solutions to individuals across the credit score spectrum, ensuring everyone has the opportunity to realize their financial goals.
Demographics and Density in Billings
Billings has a population of around 117,445 inhabitants. These residents are comfortably spread across 44.8 sq mi (or 116.0 km2), ensuring a comfortable balance of urban life without the pressures of overpopulation. The city’s population density stands at 2,614 individuals per square mile, offering a sense of community while still allowing for personal space.
Economic Landscape in Billings
Billings enjoys a thriving economy with Healthcare, education, government, retail, manufacturing being the major contributors. The proximity of the nearest airport (Billings Logan International Airport (BIL)), amplifies the city’s attractiveness for businesses seeking to expand or set up shop, offering excellent connectivity with both national and international markets. The city’s average credit score of 731 reflects a financially responsible and economically active populace.
Educational Opportunities in Billings
Billings holds education in high esteem. The city boasts top-ranking schools, such as University of Alabama at Birmingham, Birmingham City Schools, Jefferson County Schools, Vestavia Hills City Schools, Mountain Brook City Schools, providing excellent educational opportunities from the foundational levels. For higher education, prestigious institutions like Montana State University Billings, Rocky Mountain College and City College – Billings, produce a well-educated, competent workforce contributing to Billings’s vibrant economy and societal fabric.
City’s Alias: Billings
Affectionately known as ‘Magic City or The Oil City‘, Billings, positioned at 45.79°N 108.55°W, is celebrated for its energetic culture, committed efforts to preserve its rich history, and the superior lifestyle it provides its residents. Whether you’re a potential resident, investor, or visitor, Billings promises a rewarding and enriching experience.
Recreation and Lifestyle in Billings
Experience the exciting pace of life in Billings, where many recreational activities await. Whether you’re an art enthusiast, a sports fanatic, or a nature lover, Billings caters to all. Popular attractions include Pictograph Cave State Park, ZooMontana and Moss Mansion Historic House Museum, providing a rich mixture of educational and entertainment experiences.
The city’s commitment to promoting a balanced lifestyle is further showcased by its array of parks and open spaces, ideal for relaxation or active pursuits. Not to forget Billings’s vibrant events calendar, filled with cultural festivals, sporting events, and community gatherings that highlight the city’s spirit of camaraderie.