Montrose, SD is a small town in South Dakota with a population of around 400 people. The rent for a two bedroom apartment is much lower than the US average at $850 compared to $1,430. Additionally, groceries in Montrose are cheaper than most places in the US, with the Grocery Cost Index being 99 versus 100. This makes Montrose an attractive place to live for those looking for a more affordable option. There are several local companies such as Stadheim Automotive and Carpet Super Store that provide excellent services to the community. All in all, Montrose provides its residents with a high quality of life at a fraction of the cost that other cities offer.
Montrose has an unemployment rate of 2.9%. The US average is 6.0%.
Montrose has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Montrose
- The Sales Tax Rate for Montrose is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Montrose is 0.0%. 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 $19,755 a year. The US average is $28,555 a year.
- The Median household income of a Montrose resident is $78,125 a year. The US average is $69,021 a year.