Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Montrose, Colorado is a medium-sized city with a population of 19,396 inhabitants. The majority of Montrose residents report their race to be White; this is followed by Asian and American Indian and Alaskan. Not a fan of sitting in traffic during your commute to work? Montrose offers shorter work commutes, with an average one-way commute time taking only 15 minutes, far lower than the national average of 26 minutes.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Montrose, Colorado could be a positive experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. The best areas in Montrose and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, cost of living, education, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Colorado and national averages.
Montrose, CO receives 68 out of 100 for its livability score; this results in a ranking of #124 in Colorado and #8,188 in the USA. If we check out each of the categories on their own, we see that Montrose ranks well for cost of living (B+) and housing (A-). There is at least one category that you should be aware of in Montrose. The following was graded with a less than perfect score: employment (D).
Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Montrose, it boasts a notably low violent crime rate of 138 crimes per 100,000 residents, which significantly outperforms the national average.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Montrose market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Montrose real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Montrose. Median real estate prices in Montrose come in at $232,200, which is 12.2% lower than the Colorado average. The home price to income ratio compares the median home prices to the median household income. In Montrose, the home price to income ratio is 4.4, which is 4.8% higher than the Colorado average.
| Statistic | Montrose | Colorado | National |
| Average one way commute | 15min | 25min | 26min |
| Workers who drive to work | 78.0% | 75.2% | 76.4% |
| Workers who carpool | 6.9% | 9.3% | 9.3% |
| Workers who take public transit | 0.8% | 3.1% | 5.1% |
| Workers who bicycle | 0.9% | 1.3% | 0.6% |
| Workers who walk | 4.0% | 3.0% | 2.8% |
| Working from home | 8.0% | 7.0% | 4.6% |
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