Montrose, South Dakota is a small town located in Moody County with a population of 57048. Rent for 2 Bedroom apartments average $810, which is much more affordable than the US rate of $1,430. The Grocery Cost Index for Montrose is 99 as compared to the US index of 100, meaning that groceries cost slightly less than the national average. Local businesses in Montrose include Ritter Trucking Inc., Cederberg Farms LLC, Happy's Supermarket, and the Rainbow Family Restaurant. Residents of Montrose enjoy a lower cost of living while still enjoying all of the amenities and services offered by these local businesses.
Montrose (zip 57048) has an unemployment rate of 2.9%. The US average is 6.0%.
Montrose (zip 57048) has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Montrose (zip 57048)
- The Sales Tax Rate for Montrose (zip 57048) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Montrose (zip 57048) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Montrose (zip 57048)
- The average income of a Montrose (zip 57048) resident is $35,640 a year. The US average is $37,638 a year.
- The Median household income of a Montrose (zip 57048) resident is $78,571 a year. The US average is $69,021 a year.