Housing costs in Monterey?
A typical home costs
$173,000, which is 48.8% less expensive than the national average of
$338,100 and 11.0% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Monterey costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 22.7% cheaper than the state average of
$920.
Can I afford Monterey?
To live comfortably in Monterey, Kentucky, a minimum annual income of
$33,120 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Monterey?
Monterey, KY has an affordable cost of living compared to other towns in the same area. The median home price is around $120,000 and groceries only cost approximately 8.6% more than the national average. Utilities are also around 9% less than the national average. With a low sales tax rate of 6%, there are many opportunities for people to save money on everyday living expenses in Monterey, KY. Additionally, renters can find relatively affordable housing options with the average rent for a one-bedroom apartment estimated at about $555 per month.