Housing costs in Monterey?
A typical home costs
$676,500, which is 100.1% more expensive than the national average of
$338,100 and 21.4% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Monterey costs
$1,720 per month, which is 20.3% more than the national average of
$1,430 and 24.4% cheaper than the state average of
$2,140.
Can I afford Monterey?
To live comfortably in Monterey, Massachusetts, a minimum annual income of
$129,600 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Monterey?
Monterey, MA is a relatively inexpensive place to live. The cost of living in the city is low compared to other parts of the country, with housing costs being one of the most affordable. Housing prices are typically lower than in nearby larger cities and towns, making it an attractive option for those looking for a more affordable lifestyle. In addition to housing costs, transportation costs are also quite low due to the city's proximity to both Boston and New York City. Other expenses such as utilities and healthcare are also competitively priced in Monterey. Overall, Monterey offers an excellent quality of life at a reasonable price.