Housing costs in Monterey?
A typical home costs
$233,100, which is 31.1% less expensive than the national average of
$338,100 and 16.0% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Monterey costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 24.4% cheaper than the state average of
$1,070.
Can I afford Monterey?
To live comfortably in Monterey, Tennessee, a minimum annual income of
$44,640 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Monterey?
The cost of living in Monterey, TN is relatively low compared to other parts of the state. The median home value is around $88,000 and the median rent is around $600 per month. Additionally, groceries, healthcare and utilities are all very reasonably priced when compared to other areas. Overall, there is an affordable quality of life available to those interested in living in Monterey, TN.