BOZEMAN REAL ESTATE BLOG

Population Increase

For more than a decade Bozeman’s population growth has been on a steady incline, making it one of the fastest-growing cities in Montana. In the last 5 years, the population of Bozeman has increased by 9,096 residents, a 19% increase. The latest data from the US Census Bureau estimates Bozeman’s population to be 56,123 residents in 2022.*

*Source: US Census Bureau and www.datacommons.org

Growth in the Surrounding Areas

While the city of Bozeman has been in the spotlight over the last several years, the surrounding areas have seen significant growth as well. The town of Belgrade, Montana which is just 11 miles outside of Bozeman has grown by a whopping 38% in the last 5 years to reach 11,966 residents in 2022. Nearby Livingston, Montana has seen a 16% increase in its population in the last 5 years with an estimated 8,790 residents in 2022.*

*Source: US Census Bureau

Inbound Moves

A 2022 report analyzing inbound and outbound moves relative to a state’s population ranked Montana as the #4 state with the highest net inflow per capita. Bozeman specifically was ranked the #12 Most Moved to City in the U.S. in 2022, with 222 residents moving into the state for every 100 residents moving out. Click here to see the most recent data on where people are moving to Bozeman from.

Increasing Median Age

The Bozeman area has long been known to have a younger population compared to the state of Montana. This can be attributed to Montana State University as well as Bozeman’s recreational and job opportunities. But over the last 5 years, the median age in Gallatin County has jumped from 27.5 years to 34 years*. This increase could be due to a number of factors. Bozeman has been put on the map as a retirement destination and has become a popular choice for many who are looking to retire. We also have an aging Baby Boomer population which 5 years ago was projected to triple the 65 and older population in Gallatin County.** Bozeman has also grown to offer more professional job opportunities with its growing tech, healthcare and manufacturing industries which appeal to an older workforce.

* Source: US Census Bureau ACS 5-year 2017-2021

**(http://nrmedd.org/wp-content/uploads/2017/11/CEDS-for-December-2017-for-CEDS-Committee-Review-and-Public-Comment.pdf)

If you are thinking of moving to the Bozeman area, we've got plenty of resources available for you. Click here to get started.