States › Colorado › Montrose

Is Montrose, CO expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,6108% lower than U.S. average
💵 Families earn per year (2026)$75,911about $6,326/month · 13% lower than U.S. average
🔑 House price$387,90017% higher than U.S. average

Rent is lower than in 52% of U.S. cities. A typical house costs about 5.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $64,400 a year. That is $31 an hour at a full-time job.

Is rent cheaper than other Colorado cities?

Yes. Rent here is cheaper than in most of Colorado. It is number 24 of 112 cities from cheapest to most expensive.

Montrose
$1,610
Louisville
$2,684
Golden
$2,247
Cimarron Hills
$2,266
Evans
$1,484
Clifton
$1,143
Durango
$2,071

How much do households earn in Montrose?

Under $25k
18.1%
$25k–50k
21.9%
$50k–100k
36.9%
$100k–150k
10.8%
$150k+
8.3%

Share of households by yearly income. 19.1% of households earn $100,000 or more.

Rent by apartment size in Montrose

SizeMontroseU.S. average
Studio$855$1,338
1 bedroom$453$1,324
2 bedrooms$1,225$1,509
3 bedrooms$1,798$1,698
4 bedrooms$3,224$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Montrose overall?

Everyday prices in Colorado overall are 3% above the U.S. average (index 103.1, U.S. = 100).

Housing
127
Goods (food, clothes…)
99
Utilities
85
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Montrose, so the Colorado figure is shown.

Taxes and bills in Montrose

🏛️ Property tax$1,450a year · 0.37% of home value · U.S. $3,119
⚡ Electric bill$113a month (typical) · U.S. $156

Life in Montrose

Commute to work20.4 minU.S.: 26.4 min
College degree33.5%U.S.: 35.7%
Own their home70.7%U.S.: 65.2%
Below poverty line11.6%U.S.: 12.5%
Unemployment5%U.S.: 5.2%

Is it cheaper to rent or buy in Montrose?

Renting is cheaper right now: about $1,081 a month less.

Renting
$1,610
Owning
$2,691

Owning assumes a typical $387,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,790 for the down payment.

Frequently asked questions

What is the average rent in Montrose, CO?

Renting in Montrose costs a median of about $1,610 a month in 2026, including utilities. The Colorado median is $2,080.

How much do I need to make to live in Montrose?

To keep rent under 30% of income, you need about $64,400 a year, or $31 an hour at a full-time job.

Is Montrose cheap or expensive?

Montrose is rated OK: rent takes 25.5% of the typical household income of $75,911. It ranks 24th cheapest of 112 Colorado cities we track.

How much are property taxes in Montrose?

The median homeowner in Montrose pays $1,450 a year in property taxes, about 0.37% of the median home value.

Is Montrose more expensive than the national average?

Overall prices in Colorado are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Montrose?

The median home value in Montrose is $387,900, about 5.1 times the typical yearly household income.

21,044 people live in Montrose. Numbers are typical (middle) values.