Montrose, MN (55363) is a small town located in Wright County. It has a population of roughly 2,500 people. Residents of this small community enjoy the affordable cost of living; the average rent for a two-bedroom apartment is $1,210 compared to $1,430 nationally. Additionally, groceries in Montrose are more economical than most other locations with an index of 99 versus 100 nationally.
Those looking to live in Montrose can find plenty of local businesses that make it an ideal community to settle down in. Some of these include Montrose Tire & Auto Care, Pirkl's Pharmacy, Main Street Cafe and Bakery, and Apex Fitness Gym. There are also numerous outdoor activities to explore nearby, such as fishing at Clearwater Lake or petting animals at Red Barn Petting Zoo & Farm Market. All in all, Montrose is an affordable hub with plenty of amenities and activities to offer its residents.
Montrose (zip 55363) has an unemployment rate of 4.5%. The US average is 6.0%.
Montrose (zip 55363) 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 (zip 55363)
- The Sales Tax Rate for Montrose (zip 55363) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Montrose (zip 55363) 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 (zip 55363)
- The average income of a Montrose (zip 55363) resident is $27,153 a year. The US average is $28,555 a year.
- The Median household income of a Montrose (zip 55363) resident is $77,609 a year. The US average is $69,021 a year.