Montrose, CO vs Severance, CO

There is a significant gap in the cost of living between these two cities. Montrose is 28.5% cheaper than Severance. With a cost index of 99 vs 138, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Montrose to Severance should plan for substantially higher expenses across most categories.

On the housing front, median rent in Montrose is $1,117/month compared to $2,108/month in Severance — a 47% difference. Home values follow the same pattern: Montrose is more affordable at $359,000 median vs $493,800.

Median household income in Montrose is $63,177 compared to $127,257 in Severance (-50.4%). While Severance 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 19.9% in Severance.