Housing costs in Monterey?
A typical home costs
$172,400, which is 49.0% less expensive than the national average of
$338,100 and 6.7% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Monterey costs
$690 per month, which is 51.7% cheaper than the national average of
$1,430 and 44.9% cheaper than the state average of
$1,000.
Can I afford Monterey?
To live comfortably in Monterey, Louisiana, a minimum annual income of
$33,120 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Monterey?
The cost of living in Monterey, LA is generally considered to be fairly high. According to the most recent census data, the median home price for the area is around $800,000, placing it among the highest in the country. Additionally, monthly rent averages around $3000 per month with prices ranging from lower end apartments costing around $1000 a month up to luxury rental properties reaching $5000 or more. Groceries and other necessities are also more expensive than average when compared with other cities of similar size and population. All of this makes Monterey, LA an expensive place to live and raise a family.