Housing costs in Montrose?
A typical home costs
$367,300, which is 8.6% more expensive than the national average of
$338,100 and 30.3% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Montrose costs
$1,090 per month, which is 33.9% cheaper than the national average of
$1,650 and 2.8% cheaper than the state average of
$1,120.
Can I afford Montrose?
To live comfortably in Montrose (zip 81401), Colorado, a minimum annual income of
$70,200 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Montrose?
The cost of living in 81401 Montrose, CO is higher than the national average. The current median home cost is close to $300,000, which is much higher than the United States median home cost of $294,500. Renters in the area can expect to pay an average of about $1,200 for a two-bedroom apartment - that’s also significantly higher than the national average of $1,092. Transportation costs are slightly below the national average thanks to low gas prices and public transit fares. Groceries are comparable with those found elsewhere across the country, but other household expenses such as healthcare and utilities are slightly higher than what you would find in other parts of the country.