Montrose, Colorado (81403) is a small city located in southwestern Colorado. It has a population of approximately 19,000 people and is known for its thriving art culture, diverse outdoor activities, and close-knit community. In terms of housing costs, rent for a two-bedroom apartment in Montrose averages around $1,180 per month compared to the national average of $1,430. Grocery costs are also slightly higher in Montrose with an index of 106 compared with the US index of 100.
Montrose has many local companies thriving within the city limits such as Harvest Home Health Care and Financial Freedom Tax Services. For those looking to move to this area, there are numerous real estate agents including Re/Max Aspen Leaf Realty and Keller Williams Western Slope who can help find affordable options for housing. Despite having slightly higher costs than the US average for certain items like groceries and rent, Montrose offers unique experiences that can’t be found anywhere else in the country such as art galleries, historic sites, scenic trails and more.
Montrose (zip 81403) has an unemployment rate of 6.3%. The US average is 6.0%.
Montrose (zip 81403) has seen the job market increase by 4.8% over the last year. Future job growth over the next ten years is predicted to be 55.9%, which is higher than the US average of 33.5%.
Tax Rates for Montrose (zip 81403)
- The Sales Tax Rate for Montrose (zip 81403) is 4.7%. The US average is 7.3%.
- The Income Tax Rate for Montrose (zip 81403) is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Montrose (zip 81403)
- The average income of a Montrose (zip 81403) resident is $26,642 a year. The US average is $28,555 a year.
- The Median household income of a Montrose (zip 81403) resident is $66,925 a year. The US average is $69,021 a year.