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Montrose, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
3,888
Population
$102,625
Median Income
$275,700
Home Value
32.4
Median Age

Demographics

Montrose has a population of 3,888 with a median age of 32.4. Here is the racial and ethnic breakdown of the population:

White
88.3%
Other
10.1%
Hispanic
1.6%
Demographic Value
Total Population3,888
Median Age32.4
White88.3%
Hispanic or Latino1.6%
Other / Two or More Races10.1%
Montrose, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 88.3%Other: 10.1%Other: 1.6%3,888PopulationWhiteWhite88.3%OtherOther10.1%OtherOther1.6%

Income & Economy

The median household income in Montrose is $102,625, which is 27.3% above the national median of $80,610. The per capita income is $37,805. The poverty rate is 5.3%.

$102,625
Median Household Income
$37,805
Per Capita Income
5.3%
Poverty Rate

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Education

In Montrose, 90.6% of residents age 25+ have a high school diploma or higher, and 35.4% hold a bachelor's degree or higher (6.0% with a graduate or professional degree).

HS Diploma+
90.6%
Bachelor's+
35.4%
Graduate+
6.0%
Education Level % of Adults (25+)
High School Diploma or Higher90.6%
Bachelor's Degree or Higher35.4%
Graduate or Professional Degree6.0%

Housing

The median home value in Montrose is $275,700, below the national median of $303,400. The median monthly rent is $1,474. The homeownership rate is 78.2%.

$275,700
Median Home Value
$1,474/mo
Median Rent
78.2%
Homeownership Rate
Housing Metric Value
Median Home Value$275,700
Median Monthly Rent$1,474
Homeownership Rate78.2%
Vacancy Rate6.9%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Montrose, Minnesota?
The population of Montrose, Minnesota is 3,888 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Montrose, Minnesota?
The median household income in Montrose, Minnesota is $102,625. This is 27.3% above the national median of $80,610.
What is the median home value in Montrose, Minnesota?
The median home value in Montrose, Minnesota is $275,700. The median monthly rent is $1,474.
What percentage of people in Montrose have a college degree?
In Montrose, Minnesota, 35.4% of adults age 25 and older hold a bachelor's degree or higher, and 90.6% have a high school diploma or higher.
Is Montrose, Minnesota an affordable place to live?
The home price-to-income ratio in Montrose, Minnesota is 2.7x (median home value $275,700 vs. median income $102,625), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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