Housing costs in Monterey?
A typical home costs
$1,022,100, which is 202.3% more expensive than the national average of
$338,100 and 39.3% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Monterey costs
$3,550 per month, which is 148.3% more than the national average of
$1,430 and 39.4% more than the state average of
$2,150.
Can I afford Monterey?
To live comfortably in Monterey, California, a minimum annual income of
$195,840 for a family, and
$116,400 for a single person is recommended.
What does A.I. say about Monterey?
The cost of living in Monterey, CA is relatively high compared to many other parts of the USA. The median home value for the area is around $769,000, which is much higher than the national average. Additionally, basic goods and services such as groceries, transportation and utilities are generally more expensive than elsewhere. That said, there are many things to do in Monterey that are not too expensive, such as taking a walk along the beach or exploring nearby attractions like Fisherman's Wharf.