Craig, CO vs Montrose, CO

Craig is moderately more affordable than Montrose, with a 10.6% lower cost of living index. Craig scores 88 compared to 99 for Montrose, where the US average is 100. This difference means residents of Montrose can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Craig is $1,060/month compared to $1,117/month in Montrose — a 5% difference. Home values follow the same pattern: Craig is more affordable at $252,900 median vs $359,000.

Median household income in Craig is $69,256 compared to $63,177 in Montrose (+9.6%). Craig offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Craig spend roughly 18.4% of their income on rent, less than the 21.2% in Montrose.