Montrose, MO is a small town located in Missouri. It has a population of approximately 1,000 people and offers a lower cost of living compared to other areas in the United States. The average 2 bedroom rent in Montrose is $820 per month, compared to the US average of $1,430. Additionally, the Grocery Cost Index in Montrose is 94 compared to the US average of 100. This makes it an affordable option for those looking to save on their housing costs and groceries.
The town has a variety of local businesses. Examples include Montrose Auto Services, Zumwalt Florist and Gifts, R & B Hardware Store, B & K Barber Shop and Countryside Inn Motel. These provide residents with access to services such as auto repair, hardware supplies and lodging among other things.
Montrose has an unemployment rate of 4.3%. The US average is 6.0%.
Montrose has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Montrose
- The Sales Tax Rate for Montrose is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Montrose is 5.9%. 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 $21,423 a year. The US average is $28,555 a year.
- The Median household income of a Montrose resident is $51,042 a year. The US average is $69,021 a year.