Montrose, MN is a small city located in the Wabasha County of Minnesota. It is an ideal place for those looking for a more peaceful lifestyle away from the hustle and bustle of larger cities. The average two-bedroom rent in Montrose is much lower than the U.S. average at $1,210 while the grocery cost index is also lower at 99 compared to 100 in the US. Local businesses such as Montrose Electric, R & L Hardware, and Countryside Co-Op provide goods and services for its citizens. There are numerous recreational opportunities available in this area that include hiking trails, fishing spots, golf courses, and more. All these factors make Montrose an excellent place to live with access to all necessary amenities at reasonable prices.
Montrose has an unemployment rate of 4.5%. The US average is 6.0%.
Montrose has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Montrose
- The Sales Tax Rate for Montrose is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Montrose is 7.1%. 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 $23,206 a year. The US average is $28,555 a year.
- The Median household income of a Montrose resident is $80,845 a year. The US average is $69,021 a year.