Housing costs in Monterey?
A typical home costs
$651,300, which is 92.6% more expensive than the national average of
$338,100 and 16.9% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Monterey costs
$1,840 per month, which is 28.7% more than the national average of
$1,430 and 16.3% cheaper than the state average of
$2,140.
Can I afford Monterey?
To live comfortably in Monterey (zip 01245), Massachusetts, a minimum annual income of
$124,920 for a family, and
$56,400 for a single person is recommended.
What does A.I. say about Monterey?
01245 Monterey, MA is known for having a high cost of living. The median annual housing costs are over $3,000 higher than the state average. Additionally, groceries and utilities are more expensive than in other parts of the country. While the cost of living in 01245 Monterey may be higher than other areas, it is offset by the numerous attractions and activities available to residents. From visiting historical monuments to exploring local parks and beaches, there is something for everyone to enjoy in this vibrant area.