Cost of Living in Montrose, NY
Housing
The housing market plays a significant role in determining the cost of living in Montrose, NY.
- Housing Index: 115.0 / 100
- Median Home Price is: $520,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1845 per month
Evaluating your potential move to Montrose, NY, the housing index stands at 115.0, indicating a competitive market. With a median home price of 520000, purchasing a property here might require significant investment. Furthermore, average rent prices are substantial, with a 2BR apartment costing around 1800 and a 2BR house about 1845. This suggests that both buying and renting in Montrose could strain budgets if affordable housing is crucial. It’s essential to weigh these costs against your income and lifestyle to determine if this area suits your financial goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Montrose, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Montrose, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Montrose is a financially viable option for your relocation.