Montrose, CO Economy


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Montrose offers plenty to do for residents and visitors alike. There are numerous outdoor recreations activities like skiing and hiking available year round. There are also several noteworthy companies based in the area such as Alpine Bank, Montrose Memorial Hospital and National CineMedia. With its natural beauty and lower cost of living, it's no wonder why so many flock to Montrose for their next home or vacation destination.

Montrose has an unemployment rate of 6.3%. The US average is 6.0%.

Montrose has seen the job market increase by 4.8% over the last year. Future job growth over the next ten years is predicted to be 55.9%, which is higher than the US average of 33.5%.

Tax Rates for Montrose
- The Sales Tax Rate for Montrose is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Montrose is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Montrose
- The average income of a Montrose resident is $22,602 a year. The US average is $28,555 a year.
- The Median household income of a Montrose resident is $54,260 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMontrose, ColoradoUnited States
  6.36
  -4.3%-6.2%
  55.9%33.5%
  4.7%6.2%
  4.6%4.6%
  $32,498$37,638
  $54,260$69,021
  $73,185$85,028
  Population by Occupation
  1.1%1.2%
  0.5%0.5%
  8.8%6.8%
  5.8%10.0%
  1.2%2.5%
  18.1%11.0%
  1.4%4.8%
  1.3%0.8%
  1.9%1.9%
  1.9%4.7%
  2.5%1.9%
  4.8%7.6%
  0.0%0.1%
  4.3%4.2%
  5.4%9.3%
  20.2%14.0%
  2.0%2.1%
  7.9%7.0%
  6.1%4.8%
  5.1%4.7%
Reviews for Montrose
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I've lived in the area for 4 yrs. First 2 in Ridgway. The positive is the City is growing which is bringing interesting development & tax revenue. The Montrose  More

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I was born in Montrose about 50 years ago and despite moving to Telluride, Denver, Ann Arbor, San Francisco and Chicago, I can’t find another place that makes me feel  More

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Okay so here’s the end all be all. If I could give this town a zero I would I came to visit my girlfriend from Denver and I considered moving out here despite being a  More

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