Montrose, AR is a small town located in Lawrence County, Arkansas. It has a population of approximately 589 people, making it a great place to settle down and start a family. The 2 Bedroom rent in Montrose is significantly less than the US national average at $560 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Montrose is 86 versus 100 in the US. As such, living costs can be kept very low while still having access to all necessary amenities and services. \nIn terms of local businesses and services, there are several convenience stores including Oakgrove Market & Grill which provides fresh produce and other grocery items as well as restaurants such as Crossroads BBQ for excellent BBQ fare. In addition to this, Montrose has a post office as well as multiple churches and schools for both children and adults alike.
Montrose has an unemployment rate of 8.4%. The US average is 6.0%.
Montrose has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 15.3%, which is lower than the US average of 33.5%.
Tax Rates for Montrose
- The Sales Tax Rate for Montrose is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Montrose is 6.9%. 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 $11,755 a year. The US average is $28,555 a year.
- The Median household income of a Montrose resident is $29,375 a year. The US average is $69,021 a year.