Monterey, California gets a BestPlaces Cost of Living index of 151.9, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 51.9 percent higher than the U.S. average and 1.3 percent lower than the average for California.
A typical home costs $1,022,100, which is 202.3 percent more expensive than the national average of $338,100 and 39.3 percent more expensive than the average California home, at $733,500. Renting a two-bedroom unit in Monterey costs $3,550 per month, which is 148.3 percent more than the national average of $1,430 and 39.4 percent more than the state average of $2,150.
To live comfortably in Monterey, California, a minimum annual income of $195,840 for a family, and $116,400 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means Monterey is cheaper than the US average. A cost of living index above 100 means Monterey, California is more expensive.
Monterey cost of living is 151.9