Living in Montrose, South Dakota
Cost of living, income, home prices, rent and demographics of Montrose · Census data 2020–2024
Montrose has 483 residents with a median age of 35.6. The median household income is $78,125 (4% higher than the South Dakota median), the median home value is $239,700, the median rent is $663/month.
Montrose is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Montrose at a glance
- Population
- 483
- Median age
- 35.6State: 38
- Median household income
- $78,125State: $75,081
- Median home value
- $239,700State: $257,400
- Median rent
- $663/moState: $946
- Homeowners
- 74.1%
- Bachelor's degree or higher
- 26%
- Average commute
- 24 min
Is Montrose a good place to live?
Pros: Median household income 4% higher than the South Dakota median; home values 7% lower than the state median; a poverty rate of 7.5%.
Cons: An average commute of 24 minutes.
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 $239,700, 28% lower than the U.S. median. Renters pay a median of $663 per month, which is 23.8% of household income. Homeowners with a mortgage pay $1,864 a month in housing costs.
Montrose median household income
The median household income in Montrose is $78,125 and the income per person is $39,627. 7.5% of residents live below the poverty line (South Dakota: 11.9%).
Housing in Montrose: homes for sale and rent
- Housing units
- 185
- Owner-occupied
- 74.1%
- Renter-occupied
- 25.9%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.61
Montrose demographics
- Population
- 483
- Median age
- 35.6
- Under 18
- 22.6%
- 65 and older
- 12.6%
- Households
- 185
- Foreign-born
- 6.4%
- Veterans
- 4.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Montrose ›
Education in Montrose
26% of adults 25 and older in Montrose have a bachelor's degree or higher (South Dakota: 31.9%), and 8.7% have a graduate or professional degree.
Jobs and commute in Montrose
- Unemployment rate
- 0%State: 2.9%
- Average commute
- 24 minState: 18 min
- Work from home
- 3.7%
- Drive alone
- 84.5%
- Public transit
- 0%
- Walk to work
- 5.1%
- Homes with broadband
- 76.8%
Montrose vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montrose | 483 | $78,125 | $239,700 | $663 |
| Humboldt | 732 | $95,469 | $227,700 | $745 |
| Canistota | 711 | $76,250 | $137,000 | $975 |
| Salem | 1,216 | $74,881 | $166,700 | $965 |
| Hartford | 3,478 | $99,893 | $257,700 | $938 |
| Colton | 736 | $83,750 | $192,900 | $736 |
| Monroe | 233 | $51,250 | $48,900 | $750 |
| Lyons | 112 | $159,286 | $656,300 | — |
| Bridgewater | 451 | $47,083 | $116,100 | $729 |
More for people moving to Montrose
Montrose ZIP code ›Weather and climate ›Living in Montrose: FAQ
What is the median household income in Montrose, SD?
The median household income in Montrose is $78,125, 4% higher than the South Dakota median of $75,081 (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 $239,700, compared with $257,400 in South Dakota.
How much is rent in Montrose?
The median gross rent in Montrose is $663 per month, about 23.8% of household income.
Is Montrose, SD a good place to live?
Pluses: median household income 4% higher than the South Dakota median; home values 7% lower than the state median; a poverty rate of 7.5%. Minuses: an average commute of 24 minutes.
What is the median age in Montrose?
The median age in Montrose is 35.6 years (South Dakota: 38).
How long is the commute in Montrose?
The average commute to work in Montrose is 24 minutes; 3.7% of workers work from home.
What is the unemployment rate in Montrose?
The unemployment rate in Montrose is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Montrose?
26% 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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