Housing costs in Monterey Park?
A typical home costs
$864,800, which is 155.8% more expensive than the national average of
$338,100 and 17.9% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Monterey Park costs
$2,000 per month, which is 39.9% more than the national average of
$1,430 and 7.5% cheaper than the state average of
$2,150.
Can I afford Monterey Park?
To live comfortably in Monterey Park, California, a minimum annual income of
$165,600 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Monterey Park?
The cost of living in Monterey Park, CA is much higher than the national average. According to data, the median value for a house in Monterey Park is over twice the US average of $338,100 at $864,800. Similarly, the cost of living index sits at 161.5 compared to the US average of 100. This means that prices for goods and services are generally higher than other cities in the US. Therefore, it's important for those considering making Monterey Park their home to make sure they can afford its higher cost of living.