Montrose, CO
Population 20,703 · Colorado
About Montrose, CO
Montrose is a mid-sized city in Colorado with a population of 20,703 residents. The median household income is $63,177 per year, which is near the national average. The median age in Montrose is 45.9 years.
Housing in Montrose has a median home value of $359,000 and median monthly rent of $1,117. Of the 9,611 total housing units, the majority are owner-occupied, with 6,105 owner-occupied and 2,643 renter-occupied units.
The unemployment rate in Montrose is 4.6% and the poverty rate is 12.9%. 33.6% of residents hold a bachelor's degree or higher. The average commute time is 21.1 minutes.
How Montrose Ranks in Colorado
Cost of Living in Montrose, CO
Compared to national averages, Montrose has a median household income of $63,177 (16% below the national median of $75,149). Home values average $359,000, which is 47% above the national median. Monthly rent at $1,117 is 4% below the US average of $1,163. Within Colorado, Montrose's income is 29% below the state average of $88,514, and home values are 21% below the state median of $457,127.
Why Live in Montrose, CO?
Montrose offers rent that’s lower than the national average at $1,117/month, and short commute times averaging just 21.1 minutes.
Potential considerations include median household income ($63,177) that falls below the national average. However, Montrose’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Montrose has a population of 20,703 with a median age of 45.9 years. Compare Montrose with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Montrose
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Louisville | 20,788 | $149,159 | $835,000 | Compare |
| Golden | 20,467 | $95,913 | $790,500 | Compare |
| Clifton | 19,746 | $54,301 | $234,200 | Compare |
| Four Square Mile | 21,788 | $73,318 | $448,200 | Compare |
| Sherrelwood | 19,368 | $73,849 | $412,200 | Compare |
| Durango | 19,257 | $79,545 | $609,700 | Compare |
| Evans | 22,265 | $72,926 | $326,300 | Compare |
| Cimarron Hills | 18,808 | $75,853 | $333,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Montrose
What is the population of Montrose, CO?
The population of Montrose, CO is 20,703 according to the latest Census data.
What is the median household income in Montrose?
The median household income in Montrose, CO is $63,177 per year.
What is the median home value in Montrose?
The median home value in Montrose, CO is $359,000.
What is the average rent in Montrose?
The median monthly rent in Montrose, CO is $1,117.
What is the unemployment rate in Montrose?
The unemployment rate in Montrose, CO is 4.6%.