Housing costs in Monterey?
A typical home costs
$1,056,800, which is 212.6% more expensive than the national average of
$338,100 and 44.1% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Monterey costs
$3,680 per month, which is 71.2% more than the national average of
$2,150 and 27.2% more than the state average of
$2,680.
Can I afford Monterey?
To live comfortably in Monterey (zip 93940), California, a minimum annual income of
$202,320 for a family, and
$120,800 for a single person is recommended.
What does A.I. say about Monterey?
The cost of living in 93940 Monterey, CA is quite high. With a median home price of $777,500 and a median rent of $2,404 per month for a one-bedroom apartment, living in Monterey can be expensive. However, the city's low unemployment rate and family-friendly atmosphere make up for the higher costs associated with living there. Additionally, residents benefit from close proximity to some of California's most beautiful beaches and outdoor activities as well as a variety of cultural and entertainment options.