Cost of Living in Montrose, VA

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A+
3%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
23%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Montrose Virginia National
Cost of living97111100
Groceries105103100
Health care104103100
Housing77129100
Transportation105105100
Utilities102104100
Lifestyle & Entertainment110103100
Household Items100102100
Education & Childcare111109100
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Homes For Sale In Montrose, VA

property for sale

5203 Lochaven Ave

Henrico, VA
property for sale

2315 Williamsburg Rd

Henrico, VA
property for sale

4600 Blackberry Patch Rd

Henrico, VA
property for sale

4409 Samara Dr

Henrico, VA

Cost Of Living Quick Facts

  • The cost of living in Montrose is 13% lower than the Virginia average
  • The cost of living in Montrose is 3% lower than the national average
  • Montrose housing is 23% lower than the national average
  • Virginia general sales tax is 4% higher than the national average
  • Virginia state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Montrose

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      The best places in Virginia

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$70,817$5,901$1,652$2,125
      Renters$49,341$4,112$1,151$1,480
      A good indicator of the general affordability of housing in Montrose, VA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Montrose, the median monthly income is $70,817 for those who own their own homes. Under the standard rule, that income level would allow for $1,652 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $49,341, per the median income in the area. That would allow for renters to spend up to $1,151 on monthly rental expenses.

      Virginia Sales Tax

      State General Sales Tax With Max Surtax
      Virginia 5.3% 6%

      Virginia Income Tax

      State Income Tax (Low) Income Tax (High)
      Virginia 2% 5.75%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Bensley, VA6,198991.1%
      Bellwood, VA8,0801000.1%
      Sandston, VA7,0531010.9%
      Highland Springs, VA15,404991.0%
      East Highland Park, VA17,051990.9%
      Montrose, VA7,859973.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Three Rivers, MI7,8598514.6%
      Princeton, IL7,8609010.2%
      Rockwood, MB7,863n/a 
      Plumas Lake, CA7,85413939.3%
      Payette, ID7,854918.8%
      Montrose, VA7,859973.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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