Cost of Living in Montrose, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
137.6
100 = national avg
+37.6 vs national average
Living Wage (1 Adult)
$60,560
per year
Living Wage (Family of 4)
$143,142
per year
Cost Index by Category
Housing140.3
Food125.5
Transportation151.1
Healthcare120.4
Utilities123.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Montrose is 137.6, which is 37.6% above the national average. Housing costs are above the national average at an index of 140.3. A single adult needs to earn approximately $60,560 per year to cover basic expenses.