Use cost and impressions for the same period. Billboard sellers often quote impressions per week but price per 4 weeks, so multiply weekly impressions by 4 first.
Your CPM
$5.00
$3,000 ÷ 600,000 × 1,000
A $5.00 CPM is typical for transit shelters, billboards (bulletins), posters, social media.
CPM calculator by OOHGuide. Compare billboard CPMs by city on the full page.