Bozeman is a larger medium-sized city located in the state of Montana. With a population of 57,305 people and 17 associated neighborhoods, Bozeman is the fourth largest community in Montana. Bozeman has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Bozeman, where the median household income is $74,113.00.
Bozeman home prices are not only among the most expensive in Montana, but Bozeman real estate also consistently ranks among the most expensive in America.
Of important note, Bozeman is also a city of artists. Bozeman has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Bozeman’s character.
Also of interest is that Bozeman has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 14.52% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Bozeman is a major college town that has a very high percentage of its residents over 18 years old who are college students. Naturally, collegiate life has a major influence on local Bozeman culture, lifestyle and entertainment options. Bozeman really pulses to the beat of the academic calendar. In Bozeman every fall, returning students reinvigorate the community, who you will notice are all over town, buying groceries, out with friends, and getting acquainted or re-acquainted with each other and Bozeman. One of the beneficial effects that colleges provide is that they tend to be lasting institutions that deliver direct economic benefits to the local economy in the form of such things as jobs for faculty and staff, and spending by students. Bozeman benefits directly from this.
Not only is Bozeman a city with many college students, but it also retains many recent graduates who are looking to start new careers, creating a decent-sized population of people who are young, single, educated, and upwardly-mobile. This makes it a good choice for other relocating single professionals. Here, these young singles will find many others like themselves, with opportunities for friendships, socializing, romance, and fun.
Residents of the city have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 16.60 minutes getting to work every day.
If knowledge is power, Bozeman is a pretty powerful place. 64.16% of the adults in Bozeman have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Bozeman in 2022 was $45,037, which is wealthy relative to Montana and the nation. This equates to an annual income of $180,148 for a family of four. However, Bozeman contains both very wealthy and poor people as well.
Bozeman is a somewhat ethnically-diverse city. The people who call Bozeman home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Bozeman residents report their race to be White, followed by Asian. Important ancestries of people in Bozeman include German, Irish, English, Norwegian, and Italian.
The most common language spoken in Bozeman is English. Other important languages spoken here include Spanish and Chinese.