Cost of Living in Montrose, CO
Population 20,703 · Colorado · Data vintage 2023
(100 = US avg)
Montrose is a smaller Colorado community of around 21000 residents, where median household incomes of $63,177 and housing costs ($359,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Geographically, Montrose lies roughly 170 miles west of the nearest major metro, Colorado Springs. Median home values run roughly 15% lower than Colorado Springs' $421,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Montrose
The median home value in Montrose is $359,000 — 18% above the national median of $305,000. Median rent runs $1,117/month, 15% lower than the national median of $1,314/month. The median household income of $63,177/year is 15% lower than the US median of $74,580. The local unemployment rate is 4.6%, below the national average of 4.8%. Colorado's top state income tax rate is 4.4% and the combined sales tax is 7.8%. Overall, Montrose has a cost of living index of 105 versus the US average of 100, meaning it is 5% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Montrose, CO?
Montrose has a cost index of 105 (100 = national average). It is 5% above the national average.
What is average rent in Montrose, CO?
The median gross rent in Montrose is $1,117 per month based on 2023 Census data.
What is the average home price in Montrose?
The median home value in Montrose is $359,000 according to Zillow and Census data.
What is the median income in Montrose?
The median household income in Montrose is $63,177 per year (2023 ACS 5-year estimates).
What is the sales tax in Montrose, CO?
The combined state and local sales tax rate in Montrose is 7.8%. The Colorado state income tax top rate is 4.4%.
Is Montrose, CO affordable?
Montrose is near the national average in terms of cost of living, with an index of 105 (100 = US average).
Montrose at a Glance
- Population
- 20,703
- Median Income
- $63,177
- Home Value
- $359,000
- Median Rent
- $1,117/mo
- Unemployment
- 4.6%
- Sales Tax
- 7.8%
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Colorado Rankings
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