Montrose, NY Economy


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Montrose, NY is a small suburban town in Westchester County. It has a population of around 6,500 people and is known for its excellent school system and strong sense of community. The average 2 bedroom rent in Montrose is higher than the national average, coming in at $1,710 compared to $1,430 nationally. The Grocery Cost Index in Montrose is also slightly higher than the US average at 106 versus 100.
The area offers many attractions to its residents including two major shopping malls – the Jefferson Valley Mall and Cross Country Shopping Center – and plenty of outdoor activities along Lake Mahopac as well as downtown stores and restaurants. Some popular local attractions include the Putnam Heritage Trail which consists of numerous historical sites that date back to the early 19th century. Additionally, there are several quality health care providers such as Putnam Hospital Center and Hudson Valley Cardiology Associates located here. There are also many great restaurants like Main Street Cafe & Bakery which serves up delicious American fare with an Italian twist and Mama's Pizzeria where you can enjoy classic New York pizza slices or specialty pies made with the freshest ingredients.

Montrose has an unemployment rate of 6.2%. The US average is 6.0%.

Montrose has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower 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 6.5%. 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 $44,064 a year. The US average is $28,555 a year.
- The Median household income of a Montrose resident is $112,222 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMontrose, New YorkUnited States
  6.26
  -6.3%-6.2%
  26.5%33.5%
  4.4%6.2%
  6.2%4.6%
  $43,616$37,638
  $112,222$69,021
  $143,750$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  9.7%6.8%
  2.8%10.0%
  0.5%2.5%
  11.4%11.0%
  6.2%4.8%
  0.7%0.8%
  2.4%1.9%
  4.4%4.7%
  2.9%1.9%
  8.7%7.6%
  0.0%0.1%
  4.1%4.2%
  13.3%9.3%
  12.7%14.0%
  2.1%2.1%
  2.9%7.0%
  3.3%4.8%
  12.1%4.7%
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