Housing costs in Montrose?
A typical home costs
$424,400, which is 25.5% more expensive than the national average of
$338,100 and 19.5% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Montrose costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and 47.3% cheaper than the state average of
$1,650.
Can I afford Montrose?
To live comfortably in Montrose Color Metro Area, Colorado, a minimum annual income of
$81,360 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Montrose?
The cost of living in Montrose, CO Metro Area is relatively low compared to the US average. According to census data, the cost of living in the area is 95.7, while the national average is 100. This means that living costs in the area are roughly 4.3 percent lower than the rest of the US. Despite this, house prices remain high due to strong demand for real estate in Montrose with the median house value sitting at $424400 which is significantly higher than the US average of $338100. Therefore, while living in Montrose may be more affordable than other parts of the country, it can still prove to be an expensive place to live.