Housing costs in Montrose?
A typical home costs
$310,900, which is 8.0% less expensive than the national average of
$338,100 and 16.0% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Montrose costs
$810 per month, which is 11.0% cheaper than the national average of
$910 and 17.3% cheaper than the state average of
$950.
Can I afford Montrose?
To live comfortably in Montrose (zip 57048), South Dakota, a minimum annual income of
$59,400 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Montrose?
The cost of living in 57048 Montrose, SD is very affordable. According to the most recent data from Best Places, the overall cost of living index for the city is 87.9—well below the US average of 100. Housing prices in Montrose are much lower than the national median, with a median home value of $123,300 compared to $184,700 nationwide. The median rent is even lower at just $678 per month, which makes it an excellent option for renters looking for a more budget-friendly location. Additionally, food and transportation costs are also quite reasonable in this city, making it a great place to live if you're looking for an affordable place to call home.