Housing costs in Monte Rio?
A typical home costs
$568,500, which is 68.1% more expensive than the national average of
$338,100 and 22.5% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Monte Rio costs
$1,860 per month, which is 30.1% more than the national average of
$1,430 and 15.6% cheaper than the state average of
$2,150.
Can I afford Monte Rio?
To live comfortably in Monte Rio, California, a minimum annual income of
$109,080 for a family, and
$56,400 for a single person is recommended.
What does A.I. say about Monte Rio?
Monte Rio, CA is an affordable place to live. The cost of living in this area is slightly below the national average, making it a great option for those looking for a more budget-friendly lifestyle. The median home value in Monte Rio is around $426,000, which is lower than the California state average of $529,000. Additionally, the median household income in Monte Rio lies at around $51,800 per year, slightly higher than the national average. Basic necessities such as groceries and utilities are also typically cheaper than they would be in other parts of California or even the United States as a whole. All in all, Monte Rio offers lower costs of living compared to many other cities and towns across the country.