With a 110k income, you're right on target for purchasing a home in Montana. Financial advisors recommend spending about 3 to 4 times your annual income on a home, which translates to a budget between $330,000 and $440,000.

In Billings, the median home price is approximately $380,000, fitting neatly within your target range. This balance ensures a wide variety of quality homes are available to you.

Additionally, other cities like Missoula and Great Falls offer appealing options at around $330,000. With a property tax rate of 0.92%—amounting to roughly $3,496 per year—and a cost of living near the national average, your income comfortably supports homeownership across the state.