Applewood, CO vs Montrose, CO

The cost of living difference between Applewood, CO and Montrose, CO is dramatic. Montrose is 63.4% cheaper than Applewood, a gap that translates to thousands of dollars per year in household expenses. Applewood has a cost index of 161 while Montrose sits at 99, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Applewood is $2,142/month compared to $1,117/month in Montrose — a 92% difference. Home values follow the same pattern: Montrose is more affordable at $359,000 median vs $725,300.

Median household income in Applewood is $128,988 compared to $63,177 in Montrose (+104.2%). While Applewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Applewood spend roughly 19.9% of their income on rent, less than the 21.2% in Montrose.