Living in Montrose, Minnesota
Cost of living, income, home prices, rent and demographics of Montrose · Census data 2020–2024
Montrose has 3,888 residents with a median age of 32.4. The median household income is $102,625 (15% higher than the Minnesota median), the median home value is $275,700, the median rent is $1,474/month.
Montrose at a glance
- Population
- 3,888
- Median age
- 32.4State: 38.8
- Median household income
- $102,625State: $89,062
- Median home value
- $275,700State: $329,300
- Median rent
- $1,474/moState: $1,280
- Homeowners
- 78.2%
- Bachelor's degree or higher
- 35.4%
- Average commute
- 33 min
Is Montrose a good place to live?
Pros: Median household income 15% higher than the Minnesota median; home values 16% lower than the state median; a poverty rate of 5.3%.
Cons: An average commute of 33 minutes; unemployment of 5%.
The weather is best in June to September.
Cost of living in Montrose
Housing is the biggest part of the cost of living. In Montrose the median home value is $275,700, 17% lower than the U.S. median. Renters pay a median of $1,474 per month, which is 22.8% of household income. Homeowners with a mortgage pay $1,729 a month in housing costs.
Montrose median household income
The median household income in Montrose is $102,625 and the income per person is $37,805. 5.3% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Montrose: homes for sale and rent
- Housing units
- 1,451
- Owner-occupied
- 78.2%
- Renter-occupied
- 21.8%
- Vacant
- 6.9%Includes seasonal homes
- Median year built
- 2002
- Average household size
- 2.88
Montrose demographics
- Population
- 3,888
- Median age
- 32.4
- Under 18
- 31.1%
- 65 and older
- 6.9%
- Households
- 1,351
- Foreign-born
- 1.5%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Montrose ›
Education in Montrose
35.4% of adults 25 and older in Montrose have a bachelor's degree or higher (Minnesota: 39.4%), and 6% have a graduate or professional degree.
Jobs and commute in Montrose
- Unemployment rate
- 5%State: 4.1%
- Average commute
- 33 minState: 23 min
- Work from home
- 8.6%
- Drive alone
- 83.4%
- Public transit
- 0.9%
- Walk to work
- 0.3%
- Homes with broadband
- 94.8%
Montrose vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montrose | 3,888 | $102,625 | $275,700 | $1,474 |
| Waverly | 2,285 | $112,222 | $323,100 | $941 |
| Delano | 6,942 | $109,946 | $375,200 | $964 |
| Howard Lake | 1,832 | $92,188 | $273,600 | $911 |
| Watertown | 4,790 | $99,671 | $337,200 | $927 |
| Buffalo | 16,499 | $88,820 | $314,400 | $1,182 |
| Rockford | 4,597 | $94,162 | $329,200 | $1,046 |
| Winsted | 2,181 | $67,200 | $201,900 | $834 |
| Independence | 3,694 | $186,597 | $663,400 | $3,469 |
More for people moving to Montrose
Montrose ZIP code ›Weather and climate ›Living in Montrose: FAQ
What is the median household income in Montrose, MN?
The median household income in Montrose is $102,625, 15% higher than the Minnesota median of $89,062 (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 $275,700, compared with $329,300 in Minnesota.
How much is rent in Montrose?
The median gross rent in Montrose is $1,474 per month, about 22.8% of household income.
Is Montrose, MN a good place to live?
Pluses: median household income 15% higher than the Minnesota median; home values 16% lower than the state median; a poverty rate of 5.3%. Minuses: an average commute of 33 minutes; unemployment of 5%.
What is the median age in Montrose?
The median age in Montrose is 32.4 years (Minnesota: 38.8).
How long is the commute in Montrose?
The average commute to work in Montrose is 33 minutes; 8.6% 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?
35.4% 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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