Cost of Living in Montrose, CO
Housing
The housing market plays a significant role in determining the cost of living in Montrose, CO.
- Housing Index: 110.0 / 100
- Median Home Price is: $366000
- Average Rent (2 BR Apartment): $1400 per month
- Average Rent (2 BR House): $1450 per month
Considering a move to Montrose, CO? This area boasts a housing index of 110.0, indicating a moderately competitive market. With a median home price of 366000, purchasing a home may require significant investment. On the rental side, expect to pay an average of 1400 for a 2-bedroom apartment and 1450 for a house. Keep in mind that the cost of living may also have an impact on your overall budget. Research local amenities and job markets to further inform your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Montrose, CO.
- Electricity Price: 15.21 USD (median by state)
- Natural Gas Price: $11.3 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Montrose, CO could entail higher utility costs. Electricity costs sit at 15.21, while natural gas is priced at 11.3 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.