The small city of Montrose, IL (population 62445) is a great place to live for those looking for an affordable housing option. With 2 bedroom rent coming in at just $700 a month compared to the US average of $1,430, it's easy to see why people flock here. Grocery Cost Index in Montrose is also lower than the national average, at 93 versus 100 across the US. It's not all about savings though- there are plenty of local businesses that residents can patronize. For instance, you can grab a bite at Ohana’s Hawaiian Kitchen, pick up some fresh flowers from Floral Expressions by Margie or check out the antique offerings from Diamond Antiques & Collectibles.
Montrose (zip 62445) has an unemployment rate of 4.5%. The US average is 6.0%.
Montrose (zip 62445) has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Montrose (zip 62445)
- The Sales Tax Rate for Montrose (zip 62445) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Montrose (zip 62445) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Montrose (zip 62445)
- The average income of a Montrose (zip 62445) resident is $28,281 a year. The US average is $37,638 a year.
- The Median household income of a Montrose (zip 62445) resident is $69,643 a year. The US average is $69,021 a year.