Cost of Living in Montrose, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
106.8
100 = national avg
+6.8 vs national average
Living Wage (1 Adult)
$47,013
per year
Living Wage (Family of 4)
$111,120
per year
Cost Index by Category
Housing80.7
Food115.7
Transportation131.5
Healthcare112.6
Utilities105.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$986
per month
2 Bedroom
$1,156
per month
The overall cost of living index in Montrose is 106.8, which is 6.8% above the national average. Housing costs are below the national average at an index of 80.7. A single adult needs to earn approximately $47,013 per year to cover basic expenses.