Living in Montrose, Iowa
Cost of living, income, home prices, rent and demographics of Montrose · Census data 2020–2024
Montrose has 744 residents with a median age of 42.6. The median household income is $66,250 (12% lower than the Iowa median), the median home value is $103,500, the median rent is $625/month.
Montrose is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Montrose at a glance
- Population
- 744
- Median age
- 42.6State: 38.6
- Median household income
- $66,250State: $75,059
- Median home value
- $103,500State: $208,000
- Median rent
- $625/moState: $972
- Homeowners
- 90.7%
- Bachelor's degree or higher
- 12.8%
- Average commute
- 16 min
Is Montrose a good place to live?
Pros: Home values 50% lower than the state median; an average commute of 16 minutes; unemployment of 1%.
Cons: Median household income 12% lower than the Iowa median; a poverty rate of 11.7%.
The weather is best in May–June and August–September.
Cost of living in Montrose
Housing is the biggest part of the cost of living. In Montrose the median home value is $103,500, 69% lower than the U.S. median. Renters pay a median of $625 per month, which is 51% of household income. Homeowners with a mortgage pay $1,048 a month in housing costs.
Montrose median household income
The median household income in Montrose is $66,250 and the income per person is $32,735. 11.7% of residents live below the poverty line (Iowa: 11.1%).
Housing in Montrose: homes for sale and rent
- Housing units
- 328
- Owner-occupied
- 90.7%
- Renter-occupied
- 9.3%
- Vacant
- 8.2%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.38
Montrose demographics
- Population
- 744
- Median age
- 42.6
- Under 18
- 20.7%
- 65 and older
- 18.5%
- Households
- 301
- Foreign-born
- 0.7%
- Veterans
- 7.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Montrose ›
Education in Montrose
12.8% of adults 25 and older in Montrose have a bachelor's degree or higher (Iowa: 31.4%), and 4.7% have a graduate or professional degree.
Jobs and commute in Montrose
- Unemployment rate
- 1%State: 3.6%
- Average commute
- 16 minState: 20 min
- Work from home
- 3.4%
- Drive alone
- 82.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 95.3%
Montrose vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montrose | 744 | $66,250 | $103,500 | $625 |
| Nauvoo | 931 | $68,750 | $156,700 | $775 |
| Sandusky | 354 | $108,977 | $331,300 | — |
| Mooar | 144 | $69,423 | $77,200 | — |
| Fort Madison | 10,133 | $50,705 | $94,200 | $826 |
| Keokuk | 9,662 | $52,711 | $104,300 | $871 |
| Hamilton | 2,714 | $56,895 | $114,100 | $941 |
| Donnellson | 776 | $54,453 | $147,800 | $644 |
| Alexandria | 103 | $33,333 | $43,500 | — |
More for people moving to Montrose
Montrose ZIP code ›Weather and climate ›Living in Montrose: FAQ
What is the median household income in Montrose, IA?
The median household income in Montrose is $66,250, 12% lower than the Iowa median of $75,059 (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 $103,500, compared with $208,000 in Iowa.
How much is rent in Montrose?
The median gross rent in Montrose is $625 per month, about 51% of household income.
Is Montrose, IA a good place to live?
Pluses: home values 50% lower than the state median; an average commute of 16 minutes; unemployment of 1%. Minuses: median household income 12% lower than the Iowa median; a poverty rate of 11.7%.
What is the median age in Montrose?
The median age in Montrose is 42.6 years (Iowa: 38.6).
How long is the commute in Montrose?
The average commute to work in Montrose is 16 minutes; 3.4% of workers work from home.
What is the unemployment rate in Montrose?
The unemployment rate in Montrose is 1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Montrose?
12.8% 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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