Housing costs in Monterey?
A typical home costs
$144,400, which is 57.3% less expensive than the national average of
$338,100 and 34.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Monterey costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 18.1% cheaper than the state average of
$980.
Can I afford Monterey?
To live comfortably in Monterey, Indiana, a minimum annual income of
$27,720 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Monterey?
The cost of living in Monterey, IN is relatively affordable compared to other parts of the country. Housing prices are generally very reasonable, ranging from lower-end starter homes to mid-range properties and luxury buildings. Groceries, transportation costs and utilities are also moderately priced for a small city its size. The overall cost of living in Monterey is usually lower than the national average as well, making it a great option for people looking to save money while still maintaining a comfortable lifestyle.