Cost of Living in Montrose, MN
Population 3,840 · Minnesota · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Montrose a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $260,000.
Geographically, Montrose is about 35 miles west of Minneapolis, the nearest large metro. Median home values run roughly 25% lower than Minneapolis' $346,000.
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 $260,100 — 15% below the national median of $305,000. Median rent runs $1,313/month, equal to than the national median of $1,314/month. The median household income of $98,832/year is 33% higher than the US median of $74,580. The local unemployment rate is 3.4%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Montrose has a cost of living index of 91 versus the US average of 100, meaning it is 9% less expensive.
Montrose has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Montrose, MN?
Montrose has a cost index of 91 (100 = national average). It is 9% below the national average.
What is average rent in Montrose, MN?
The median gross rent in Montrose is $1,313 per month based on 2023 Census data.
What is the average home price in Montrose?
The median home value in Montrose is $260,100 according to Zillow and Census data.
What is the median income in Montrose?
The median household income in Montrose is $98,832 per year (2023 ACS 5-year estimates).
What is the sales tax in Montrose, MN?
The combined state and local sales tax rate in Montrose is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Montrose, MN affordable?
Montrose is near the national average in terms of cost of living, with an index of 91 (100 = US average).
Montrose at a Glance
- Population
- 3,840
- Median Income
- $98,832
- Home Value
- $260,100
- Median Rent
- $1,313/mo
- Unemployment
- 3.4%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
Similar Cost Cities
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