Housing costs in Montrose?
A typical home costs
$163,900, which is 51.5% less expensive than the national average of
$338,100 and 25.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Montrose costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 18.3% cheaper than the state average of
$1,100.
Can I afford Montrose?
To live comfortably in Montrose (zip 48457), Michigan, a minimum annual income of
$31,320 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Montrose?
The cost of living in 48457 Montrose, MI is relatively low compared to the national average. The median home value is around $117,000, significantly cheaper than the US median of $231,200. The median household income for the area is slightly lower than the US average at $51,717 and rent costs are quite modest at an average of $873 per month. As a result, overall living expenses in 48457 Montrose, MI are quite reasonable and affordable for most people.