Montrose, MN
Population 3,840 · Minnesota
About Montrose, MN
Montrose is a small community in Minnesota with a population of 3,840 residents. The median household income is $98,832 per year, which is above the national average. The median age in Montrose is 34.7 years.
Housing in Montrose has a median home value of $260,100 and median monthly rent of $1,313. Of the 1,503 total housing units, the majority are owner-occupied, with 1,097 owner-occupied and 322 renter-occupied units.
The unemployment rate in Montrose is 3.3% and the poverty rate is 7.4%. 27.5% of residents hold a bachelor's degree or higher. The average commute time is 33.2 minutes.
Cost of Living in Montrose, MN
Compared to national averages, Montrose has a median household income of $98,832 (32% above the national median of $75,149). Home values average $260,100, which is 6% above the national median. Monthly rent at $1,313 is 13% above the US average of $1,163. Within Minnesota, Montrose's income is 33% above the state average of $74,221, and home values are 27% above the state median of $204,472.
Why Live in Montrose, MN?
Montrose offers a strong local economy with a median household income of $98,832, well above the national average, and a strong job market with an unemployment rate of just 3.3%, and a low poverty rate of 7.4%, better than the national average.
Montrose has a population of 3,840 with a median age of 34.7 years. Compare Montrose with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Montrose
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Zumbrota | 3,843 | $96,818 | $235,800 | Compare |
| Deephaven | 3,835 | $175,441 | $854,000 | Compare |
| Norwood Young America | 3,866 | $67,857 | $289,400 | Compare |
| Centerville | 3,915 | $119,361 | $364,700 | Compare |
| Bayport | 3,948 | $115,781 | $363,200 | Compare |
| Grant | 3,959 | $145,357 | $622,000 | Compare |
| Scandia | 3,966 | $100,179 | $471,900 | Compare |
| Mora | 3,708 | $53,704 | $180,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
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, MN?
The population of Montrose, MN is 3,840 according to the latest Census data.
What is the median household income in Montrose?
The median household income in Montrose, MN is $98,832 per year.
What is the median home value in Montrose?
The median home value in Montrose, MN is $260,100.
What is the average rent in Montrose?
The median monthly rent in Montrose, MN is $1,313.
What is the unemployment rate in Montrose?
The unemployment rate in Montrose, MN is 3.3%.