Housing costs in Montrose?
A typical home costs
$278,700, which is 17.6% less expensive than the national average of
$338,100 and 10.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Montrose costs
$1,210 per month, which is 2.4% cheaper than the national average of
$1,240 and 15.7% cheaper than the state average of
$1,400.
Can I afford Montrose?
To live comfortably in Montrose (zip 55363), Minnesota, a minimum annual income of
$53,280 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Montrose?
The cost of living in 55363 Montrose, MN is relatively moderate compared to the national average. Housing costs are slightly below the national average, with median home values around $163,500 and monthly rental prices averaging at $942. Groceries, healthcare, and transportation all cost only slightly more than the national average. Overall, 55363 Montrose provides a low cost of living for its residents.