Cost of Living in Montrose, CO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
112.1
100 = national avg
+12.1 vs national average
Living Wage (1 Adult)
$49,313
per year
Living Wage (Family of 4)
$116,559
per year
Cost Index by Category
Housing136.8
Food98.3
Transportation96.6
Healthcare98.6
Utilities106.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$890
per month
2 Bedroom
$1,168
per month
The overall cost of living index in Montrose is 112.1, which is 12.1% above the national average. Housing costs are above the national average at an index of 136.8. A single adult needs to earn approximately $49,313 per year to cover basic expenses.