Housing costs in El Monte?
A typical home costs
$689,100, which is 103.8% more expensive than the national average of
$338,100 and 6.1% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in El Monte costs
$1,900 per month, which is 32.9% more than the national average of
$1,430 and 13.2% cheaper than the state average of
$2,150.
Can I afford El Monte?
To live comfortably in El Monte, California, a minimum annual income of
$132,120 for a family, and
$60,000 for a single person is recommended.
What does A.I. say about El Monte?
El Monte is an affordable city comparatively located near downtown LA. Median home prices stand at approximately $400k while median rents come in just under a thousand dollars per month - making it a great place for those looking for suburban feel without paying big-city prices. Local taxes & regulations also keep grocery prices below the US average (roughly 2%) while sales tax remains fixed at 8%.