Montrose, MI is a small city located in Saginaw County with a population of approximately 3,000 people. The city is known for its natural beauty and is home to several local businesses, including Montrose Pharmacy, Country Donuts & Deli, and Main Street Market. The cost of living in Montrose is significantly lower than the US average. For example, rent for two-bedroom apartments averages $910 versus $1,430 nationally; grocery costs index at 92 compared to 100 in the US. Because of this lower cost of living coupled with its quaint environment, many are finding that Montrose an ideal place to live and work.
Montrose has an unemployment rate of 7.1%. The US average is 6.0%.
Montrose has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Montrose
- The Sales Tax Rate for Montrose is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montrose is 4.3%. 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 $20,506 a year. The US average is $37,638 a year.
- The Median household income of a Montrose resident is $39,655 a year. The US average is $69,021 a year.