Housing costs in Monterey?
A typical home costs
$233,300, which is 31.0% less expensive than the national average of
$338,100 and 6.7% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Monterey costs
$960 per month, which is 32.9% more than the national average of
$1,430 and 14.6% more than the state average of
$1,100.
Can I afford Monterey?
To live comfortably in Monterey, Michigan, a minimum annual income of
$44,640 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, MI is affordable. Housing costs are quite low compared to other areas of Michigan and the United States as a whole. The median home price is well below the national average at around $120,000. Additionally, groceries, transportation, healthcare and utilities are all reasonably priced. Overall, it makes Monterey a great option for those looking for a lower cost of living without compromising quality or amenities.