Montrose, CO is a small city with a population of 19,711. It's located in the southwestern corner of Colorado and borders Utah and New Mexico. The cost of living in Montrose is quite affordable with 2 bedroom rent averaging around $1,090 compared to the US average of $1,430. Grocery costs are also quite low at 102 on the cost index versus 100 in the US.
Montrose has an array of local businesses to offer including Homestead Brewery, Fly Fishing Outfitters, Burger King, and G & W Tire and Automotive Repair Services. There's no shortage of things to do in Montrose either with hiking trails throughout the area or nearby golf courses like Cedar Ridges Golf Course or Black Canyon Golf Club and so much more!
Montrose (zip 81401) has an unemployment rate of 6.3%. The US average is 6.0%.
Montrose (zip 81401) has seen the job market decrease by -4.3% 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 81401)
- The Sales Tax Rate for Montrose (zip 81401) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Montrose (zip 81401) 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 81401)
- The average income of a Montrose (zip 81401) resident is $31,143 a year. The US average is $37,638 a year.
- The Median household income of a Montrose (zip 81401) resident is $53,985 a year. The US average is $69,021 a year.