Montrose, VA Cost Of Living
Cost Of Living In Montrose, VA Summary
Cost of living in Montrose research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Montrose is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Montrose is 92, with 100 being the average.
The cost of living index in Montrose is 0.9x lower than the national average.
Montrose ranks as the #15 cheapest in Virginia out of 190.
Montrose ranks as the #1,501 cheapest out of 6,489 in the US.
The median home value in Montrose is $246,461.
The median income in Montrose is $45,063.
Table Of Contents
Montrose's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Montrose, VA?
According to the most recent data on the cost of living, Montrose has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Virginia, Montrose has a cost of living index that's 0.8x lower than Virginia's index of 110.
The standard of living in Montrose ranks as #15 most affordable out of the 190 places we measured in Virginia. By definition, that implies Montrose ranks as the #175 most expensive place in the Old Dominion.
For more reading on life in Montrose, check out:
In Virginia
In America
Montrose Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Montrose. Here is how it fairs on each of the criteria:
The Services index in Montrose is 102.
The Groceries index in Montrose is 101.
The Health index in Montrose is 97.
The Housing index in Montrose is 79.
The Transportation index in Montrose is 102.
The Utilities index in Montrose is 104.
| Living Expense | Montrose | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 92 | 110 | 100 | |
| Services | 102 | 101 | 100 | |
| Groceries | 101 | 99 | 100 | |
| Health | 97 | 98 | 100 | |
| Housing | 79 | 130 | 100 | |
| Transportation | 102 | 94 | 100 | |
| Utilities | 104 | 104 | 100 | |
Montrose, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Montrose is $246,461.
The Median Rent in Montrose is $1,260.
The Median Income in Montrose is $45,063.
The Home Value To Income in Montrose is 5.5x.
The Rent To Monthly Income in Montrose is 0.34x.
Median Home Value
Median Rent
Median Income
Montrose, VA Costs By Category
Detailed Montrose Services Costs Vs. Virginia
Detailed Montrose Groceries Costs Vs. Virginia
Detailed Montrose Health Costs Vs. Virginia
Detailed Montrose Transportation Costs Vs. Virginia
Detailed Montrose Utilities Costs Vs. Virginia
Montrose SnackAbility
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Cost Of Living In Cities Around Montrose
The cost of living varies in the cities and towns around Montrose. Here's a quick look at the cost of living in the most populous nearby places:
Richmond, VA has a cost of living index of 106, 1.2x Montrose.
Mechanicsville, VA has a cost of living index of 112, 1.2x Montrose.
Short Pump, VA has a cost of living index of 131, 1.4x Montrose.
| City | Population | Cost Of Living | Vs. Montrose |
|---|---|---|---|
| Richmond, VA | 227,595 | 106 | 1.2x |
| Mechanicsville, VA | 38,437 | 112 | 1.2x |
| Short Pump, VA | 28,177 | 131 | 1.4x |
| Meadowbrook, VA | 20,383 | 102 | 1.1x |
| Bon Air, VA | 17,302 | 114 | 1.2x |
| Glen Allen, VA | 16,630 | 108 | 1.2x |
| East Highland Park, VA | 16,071 | 96 | 1.0x |
| Highland Springs, VA | 15,091 | 97 | 1.1x |
| Brandermill, VA | 13,938 | 112 | 1.2x |
| Lakeside, VA | 12,845 | 104 | 1.1x |
