Housing costs in Monterey Park?
A typical home costs
$872,400, which is 158.0% more expensive than the national average of
$338,100 and 18.9% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Monterey Park costs
$1,930 per month, which is 10.2% cheaper than the national average of
$2,150 and 19.2% cheaper than the state average of
$2,300.
Can I afford Monterey Park?
To live comfortably in Monterey Park (zip 91754), California, a minimum annual income of
$167,040 for a family, and
$60,800 for a single person is recommended.
What does A.I. say about Monterey Park?
The cost of living in Monterey Park, CA is slightly higher than the national average but still relatively low when compared to other cities in the US. Home prices tend to run on the higher side as they are usually well over $500,000. Renting is much more affordable and you can get a one bedroom apartment for an average of $1,600 per month. Groceries and transportation will also set you back a bit more, though there are many discount stores and public transportation options that help keep costs down. Overall, the cost of living in Monterey Park is quite reasonable and offers residents a quality lifestyle without breaking the bank.