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Montrose, Colorado Demographics & Population 2026

During the 2020–2024 ACS period, Montrose, Colorado had a total population of 21,044, the 37th largest city in Colorado, with a median household income of $70,386, which is 26% lower than the state average. The poverty rate is 11.6%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Montrose Quick Facts

Population 21,044
Median Household Income $70,386
Median Home Value $387,900
Poverty Rate 11.6%
Unemployment Rate 5.0%
Median Age 47.0 years
Homeownership Rate 70.7%
Affordability Ratio 5.5x
Bachelor's Degree or Higher 33.5%
High School Graduation Rate 92.8%
Diversity Index 40/100
Population 21,044 37th of 472
Median Income $70,386 below average
Poverty Rate 11.6% 7% lower than national
Median Home Value $387,900 average

How Montrose Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population20,70321,044+1.6%
Median household income$63,177$70,386+11.4%
Median home value$359,000$387,900+8.1%

How Montrose Compares

Economy & Housing

Household Income Distribution

Under $25K 18.1%
$25K-$50K 18.4%
$50K-$100K 34.7%
$100K+ 28.8%
Detailed income brackets
Under $10K
4.1%
$10K-$15K
4.5%
$15K-$20K
5.0%
$20K-$25K
4.6%
$25K-$30K
4.0%
$30K-$35K
4.1%
$35K-$40K
3.4%
$40K-$45K
3.2%
$45K-$50K
3.6%
$50K-$60K
7.6%
$60K-$75K
10.1%
$75K-$100K
17.1%
$100K-$125K
9.7%
$125K-$150K
5.8%
$150K-$200K
5.0%
$200K+
8.2%

Employment

5.0% Unemployment Rate State: 4.6%|National: 5.2%
56.1% Labor Force Participation

Housing Overview

Owner 70.7%
Renter 29.3%
Affordability Index Expensive
5.5x home value to income ratio
Median gross rent $1,197/mo 20.4% of median household income annually

People & Demographics

Diversity Index

40out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 52 | National average: 61

Education

Montrose Rankings in Colorado

#37 Population of 472
#245 Median Income of 399
#228 Education of 472
#226 Home Value of 412

Other Cities in Montrose County

CityPopulationMedian IncomePovertyHome Value
Olathe 1,793 $55,767 25.5% $245,600
Nucla 598 $42,857 8.0% $141,100
Naturita 589 $27,917 26.0% $158,400
Redvale 389 $56,833 3.0% $256,000

Cities Similar to Montrose

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Evans22,396$75,563$351,00021.2%13.5%
Cimarron Hills19,817$80,808$368,00026.9%10.6%
Durango19,411$78,602$668,40060.4%13.0%
Sherrelwood18,692$75,327$432,20020.0%10.7%
Four Square Mile23,024$80,903$474,20047.0%14.8%

Population Overview

Montrose is a small city located in Colorado, within Montrose County. The total population is 21,044. It ranks as the 37th most populous out of 472 Census-designated places in Colorado.

Age Demographics

The median age in Montrose is 47.0 years. This is 25% higher than the state median of 37.7 years. 12.9% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Montrose is $70,386. This is 26% lower than the state median of $95,470. It is also 13% lower than the national median of $80,734. The poverty rate stands at 11.6%. This is 23% higher than the state poverty rate of 9.4%. The unemployment rate is 5.0%. This is 7% higher than the state rate of 4.6%. The median home value is $387,900. Housing costs are 28% lower than the state median of $539,400. The home-value-to-income ratio is 5.5x. 70.7% of occupied housing units are owner-occupied. This homeownership rate is 7% higher than the state average of 66.2%.

Race & Ethnicity

The largest racial or ethnic group in Montrose is White (non-Hispanic), making up 74.4% of the population. Hispanic or Latino residents account for 21.5%. The Black or African American population (0.5%) is well below the state average of 3.8%. The Asian population (0.9%) is well below the state average of 3.2%.

Education

33.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 27% lower than the state rate of 45.7%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.8%.

Data Sources & Methodology

All demographic data for Montrose, Colorado is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Colorado state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 472 Census-designated places in Colorado. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Montrose, Colorado?

Montrose, Colorado has a population of 21,044 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Montrose, CO?

The median household income in Montrose is $70,386, which is 13% lower than the national median of $80,734.

What is the poverty rate in Montrose, CO?

The poverty rate in Montrose is 11.6%. This means approximately 2,405 residents live below the federal poverty line.

What is the racial makeup of Montrose, Colorado?

Montrose's population is 74.4% White, 0.5% Black, 21.5% Hispanic/Latino, and 0.9% Asian.

What is the median home value in Montrose, CO?

The median home value in Montrose is $387,900. The home-value-to-income ratio is 5.5x.

How educated is Montrose, Colorado?

33.5% of adults (25+) in Montrose hold a bachelor's degree or higher, and 14.2% hold a graduate or professional degree.