Montrose, CO vs Redlands, CO

There is a significant gap in the cost of living between these two cities. Montrose is 16% cheaper than Redlands. With a cost index of 99 vs 118, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Montrose to Redlands should plan for substantially higher expenses across most categories.

On the housing front, median rent in Montrose is $1,117/month compared to $1,546/month in Redlands — a 28% difference. Home values follow the same pattern: Montrose is more affordable at $359,000 median vs $466,400.

Median household income in Montrose is $63,177 compared to $97,500 in Redlands (-35.2%). While Redlands is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Montrose spend roughly 21.2% of their income on rent, more than the 19% in Redlands.