Living in Montrose, Colorado
Cost of living, income, home prices, rent and demographics of Montrose · Census data 2020–2024
Montrose has 21,044 residents with a median age of 47. The median household income is $70,386 (26% lower than the Colorado median), the median home value is $387,900, the median rent is $1,197/month.
Montrose at a glance
- Population
- 21,044
- Median age
- 47State: 37.7
- Median household income
- $70,386State: $95,470
- Median home value
- $387,900State: $539,400
- Median rent
- $1,197/moState: $1,761
- Homeowners
- 70.7%
- Bachelor's degree or higher
- 33.5%
- Average commute
- 20 min
Is Montrose a good place to live?
Pros: Home values 28% lower than the state median; an average commute of 20 minutes.
Cons: Median household income 26% lower than the Colorado median; unemployment of 5%; a poverty rate of 11.6%.
The weather is best in May–June and September–October.
Cost of living in Montrose
Housing is the biggest part of the cost of living. In Montrose the median home value is $387,900, 17% higher than the U.S. median. Renters pay a median of $1,197 per month, which is 31% of household income. Homeowners with a mortgage pay $1,555 a month in housing costs.
Montrose median household income
The median household income in Montrose is $70,386 and the income per person is $39,045. 11.6% of residents live below the poverty line (Colorado: 9.4%).
Housing in Montrose: homes for sale and rent
- Housing units
- 9,805
- Owner-occupied
- 70.7%
- Renter-occupied
- 29.3%
- Vacant
- 7.7%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.28
Montrose demographics
- Population
- 21,044
- Median age
- 47
- Under 18
- 19.3%
- 65 and older
- 27.7%
- Households
- 9,050
- Foreign-born
- 5.3%
- Veterans
- 7%Adults 18+
Hispanic or Latino can be of any race. Population history of Montrose ›
Education in Montrose
33.5% of adults 25 and older in Montrose have a bachelor's degree or higher (Colorado: 45.7%), and 14.3% have a graduate or professional degree.
Jobs and commute in Montrose
- Unemployment rate
- 5%State: 4.6%
- Average commute
- 20 minState: 25 min
- Work from home
- 11.1%
- Drive alone
- 76%
- Public transit
- 0%
- Walk to work
- 4.1%
- Homes with broadband
- 89.7%
Montrose vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montrose | 21,044 | $70,386 | $387,900 | $1,197 |
| Colona | 108 | $128,750 | — | — |
| Olathe | 1,793 | $55,767 | $245,600 | $967 |
| Loghill Village | 618 | $89,297 | $823,700 | — |
| Crawford | 448 | $58,160 | $208,200 | $1,109 |
| Lazear | 196 | $41,841 | — | — |
| Ridgway | 1,237 | $83,750 | $709,900 | $1,577 |
| Delta | 9,421 | $45,250 | $283,300 | $990 |
| Hotchkiss | 1,224 | $54,545 | $266,700 | $1,300 |
More for people moving to Montrose
Montrose ZIP code ›Weather and climate ›Living in Montrose: FAQ
What is the median household income in Montrose, CO?
The median household income in Montrose is $70,386, 26% lower than the Colorado median of $95,470 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Montrose?
The median home value in Montrose is $387,900, compared with $539,400 in Colorado.
How much is rent in Montrose?
The median gross rent in Montrose is $1,197 per month, about 31% of household income.
Is Montrose, CO a good place to live?
Pluses: home values 28% lower than the state median; an average commute of 20 minutes. Minuses: median household income 26% lower than the Colorado median; unemployment of 5%; a poverty rate of 11.6%.
What is the median age in Montrose?
The median age in Montrose is 47 years (Colorado: 37.7).
How long is the commute in Montrose?
The average commute to work in Montrose is 20 minutes; 11.1% of workers work from home.
What is the unemployment rate in Montrose?
The unemployment rate in Montrose is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Montrose?
33.5% of adults in Montrose have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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