Montrose, SD
Population 514 · South Dakota
About Montrose, SD
Montrose is a small community in South Dakota with a population of 514 residents. The median household income is $86,000 per year, which is above the national average. The median age in Montrose is 39.3 years.
Housing in Montrose has a median home value of $216,700 and median monthly rent of $498. Of the 188 total housing units, the majority are owner-occupied, with 136 owner-occupied and 52 renter-occupied units.
The unemployment rate in Montrose is 0.0% and the poverty rate is 3.7%. 25.4% of residents hold a bachelor's degree or higher. The average commute time is 28.1 minutes.
How Montrose Ranks in South Dakota
Cost of Living in Montrose, SD
Compared to national averages, Montrose has a median household income of $86,000 (14% above the national median of $75,149). Home values average $216,700, which is 12% below the national median. Monthly rent at $498 is 57% below the US average of $1,163. Within South Dakota, Montrose's income is 33% above the state average of $64,650, and home values are 51% above the state median of $143,757.
Why Live in Montrose, SD?
Montrose offers a strong local economy with a median household income of $86,000, well above the national average, and affordable housing with a median home value of $216,700, below the US average of $244,900, and rent that’s lower than the national average at $498/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 3.7%, better than the national average.
Montrose has a population of 514 with a median age of 39.3 years. Compare Montrose with other cities to see how it stacks up, or explore all cities in South Dakota.
Similar Cities Near Montrose
Cities in South Dakota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Irene | 521 | $59,091 | $87,100 | Compare |
| Oacoma | 505 | $70,250 | $165,800 | Compare |
| Prairiewood Village | 496 | $118,681 | $443,500 | Compare |
| Newell | 494 | $52,277 | $120,100 | Compare |
| Warner | 494 | $114,375 | $231,600 | Compare |
| Philip | 491 | $43,750 | $102,800 | Compare |
| New Underwood | 538 | $54,167 | $188,700 | Compare |
| Lake Preston | 539 | $60,917 | $139,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in South Dakota
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, SD?
The population of Montrose, SD is 514 according to the latest Census data.
What is the median household income in Montrose?
The median household income in Montrose, SD is $86,000 per year.
What is the median home value in Montrose?
The median home value in Montrose, SD is $216,700.
What is the average rent in Montrose?
The median monthly rent in Montrose, SD is $498.
What is the unemployment rate in Montrose?
The unemployment rate in Montrose, SD is 0.0%.