Cost of Living in Montrose, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.8
100 = national avg
-8.2 vs national average
Living Wage (1 Adult)
$40,404
per year
Living Wage (Family of 4)
$95,500
per year
Cost Index by Category
Housing63.4
Food106.1
Transportation112.1
Healthcare104.8
Utilities96.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$733
per month
2 Bedroom
$962
per month
The overall cost of living index in Montrose is 91.8, which is 8.2% below the national average. Housing costs are below the national average at an index of 63.4. A single adult needs to earn approximately $40,404 per year to cover basic expenses.