Montrose, NY
Population 3,702 · New York
About Montrose, NY
Montrose is a small town located in New York with a population of 3,702 residents according to the latest US Census Bureau American Community Survey data. The median household income is $143,496 per year, which is 91% above the national median of $75,149. The median age of 33 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Montrose features a median home value of $439,900, which is 80% above the national median of $244,900. This places Montrose in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,854, 59% above the national average of $1,163/month. Of the 1,261 total housing units, 82% are owner-occupied (944 units) and 18% are renter-occupied (203 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Montrose shows an unemployment rate of 15.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Montrose have an average one-way commute time of 33.4 minutes.
Education & Demographics
50.6% of Montrose residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.3% White, 0.0% Hispanic or Latino, 9.8% Black or African American, and 18.0% Asian residents, with 10.7% of the population being foreign-born.
Cost of Living in Montrose, NY
Compared to national averages, Montrose has a median household income of $143,496 (91% above the national median of $75,149). Home values average $439,900, which is 80% above the national median. Monthly rent at $1,854 is 59% above the US average of $1,163. Within New York, Montrose's income is 48% above the state average of $96,987, and home values are 14% above the state median of $387,181.
Why Live in Montrose, NY?
Montrose offers a strong local economy with a median household income of $143,496, well above the national average, and a well-educated community where 50.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $439,900. However, Montrose’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Montrose has a population of 3,702 with a median age of 33 years. Compare Montrose with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Montrose
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Westhampton | 3,702 | $131,125 | $980,400 | Compare |
| Highland-on-the-Lake | 3,701 | $85,616 | $168,400 | Compare |
| Highland Falls | 3,696 | $107,500 | $340,600 | Compare |
| Haviland | 3,694 | $86,806 | $268,500 | Compare |
| Setauket | 3,687 | $202,339 | $708,100 | Compare |
| Balmville | 3,725 | $107,204 | $359,600 | Compare |
| Wynantskill | 3,675 | $107,045 | $286,900 | Compare |
| Putnam Lake | 3,673 | $105,284 | $308,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Montrose With Other Cities
Frequently Asked Questions about Montrose
What is the population of Montrose, NY?
The population of Montrose, NY is 3,702 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Montrose?
The median household income in Montrose, NY is $143,496 per year, which is 91% above the national median of $75,149.
What is the median home value in Montrose?
The median home value in Montrose, NY is $439,900, which is 80% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Montrose?
The median monthly rent in Montrose, NY is $1,854, which is 59% above the national average of $1,163/month.
What is the unemployment rate in Montrose?
The unemployment rate in Montrose, NY is 15.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Montrose, NY a good place to live?
Montrose offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,702 and a median age of 33, the city appeals to young professionals and families.
How educated is Montrose, NY?
50.6% of residents in Montrose aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Montrose?
Key cost-of-living indicators for Montrose, NY: median home value is $439,900 (80% above national), median rent is $1,854/month, and median household income is $143,496. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Montrose?
The poverty rate in Montrose, NY is 6.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Montrose, NY?
Montrose's population is 0.3% White, 0.0% Hispanic or Latino, 9.8% Black or African American, 18.0% Asian, and 0.8% two or more races. 10.7% of residents are foreign-born.