Housing costs in Montrose?
A typical home costs
$66,200, which is 80.4% less expensive than the national average of
$338,100 and 63.6% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Montrose costs
$560 per month, which is 60.8% cheaper than the national average of
$1,430 and 50.0% cheaper than the state average of
$840.
Can I afford Montrose?
To live comfortably in Montrose, Arkansas, a minimum annual income of
$12,600 for a family, and
$18,400 for a single person is recommended.
What does A.I. say about Montrose?
The cost of living in Montrose, AR is generally quite affordable. The overall cost of living index for the city is around 79.8, which is considerably lower than the national average of 100. Housing costs are particularly low, with median home prices at a reasonable $80,000 and median rent at about $610 per month. Grocery and utility costs are also relatively low compared to other areas in Arkansas, making it an attractive option for those looking to keep their expenses down. In addition, there are no state sales or income taxes in Arkansas which further contributes to the overall affordability of living in Montrose.