Cost of Living in Montrose, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
79.1
100 = national avg
-20.9 vs national average
Living Wage (1 Adult)
$34,825
per year
Living Wage (Family of 4)
$82,314
per year
Cost Index by Category
Housing81.9
Food84.1
Transportation68.2
Healthcare87.3
Utilities86.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$856
per month
2 Bedroom
$1,033
per month
The overall cost of living index in Montrose is 79.1, which is 20.9% below the national average. Housing costs are below the national average at an index of 81.9. A single adult needs to earn approximately $34,825 per year to cover basic expenses.