Montrose, CO Cost Of Living
Cost Of Living In Montrose, CO Summary
Cost of living in Montrose research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Montrose is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Colorado, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Montrose is 101, with 100 being the average.
The cost of living index in Montrose is 1.0x higher than the national average.
Montrose ranks as the #29 cheapest in Colorado out of 111.
Montrose ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Montrose is $261,600.
The median income in Montrose is $54,260.
Table Of Contents
Montrose's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Montrose, CO?
According to the most recent data on the cost of living, Montrose has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Colorado, Montrose has a cost of living index that's 1.0x lower than Colorado's index of 104.
The standard of living in Montrose ranks as #29 most affordable out of the 111 places we measured in Colorado. By definition, that implies Montrose ranks as the #82 most expensive place in the Centennial State.
For more reading on life in Montrose, check out:
- Living In Montrose
- Montrose Crime Report
- Search Homes For Sale In Montrose, CO
In Colorado
In America
Montrose Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Montrose. Here is how it fairs on each of the criteria:
The Services index in Montrose is 97.
The Groceries index in Montrose is 118.
The Health index in Montrose is 104.
The Housing index in Montrose is 96.
The Transportation index in Montrose is 109.
The Utilities index in Montrose is 83.
| Living Expense | Montrose | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 101 | 104 | 100 | |
| Services | 97 | 102 | 100 | |
| Groceries | 118 | 99 | 100 | |
| Health | 104 | 100 | 100 | |
| Housing | 96 | 116 | 100 | |
| Transportation | 109 | 104 | 100 | |
| Utilities | 83 | 90 | 100 | |
Montrose, CO Housing Cost Breakdown
Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Montrose is $261,600.
The Median Rent in Montrose is $959.
The Median Income in Montrose is $54,260.
The Home Value To Income in Montrose is 4.8x.
The Rent To Monthly Income in Montrose is 0.21x.
| Statistic | Montrose | Colorado | United States |
|---|---|---|---|
| Median Home Value | $261,600 | $397,500 | $244,900 |
| Median Rent | $959 | $1,437 | $1,163 |
| Median Income | $54,260 | $80,184 | $69,021 |
| Home Value To Income | 4.8x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Montrose, CO Costs By Category
Detailed Montrose Services Costs Vs. Colorado
Detailed Montrose Groceries Costs Vs. Colorado
Detailed Montrose Health Costs Vs. Colorado
Detailed Montrose Transportation Costs Vs. Colorado
Detailed Montrose Utilities Costs Vs. Colorado
Montrose SnackAbility
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