Housing costs in Monterey?
A typical home costs
$214,800, which is 36.5% less expensive than the national average of
$338,100 and 22.6% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Monterey costs
$850 per month, which is 20.6% cheaper than the national average of
$1,070 and 3.5% more than the state average of
$820.
Can I afford Monterey?
To live comfortably in Monterey (zip 38574), Tennessee, a minimum annual income of
$41,040 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Monterey?
The cost of living in 38574 Monterey, TN is quite reasonable compared to many other parts of the country. According to recent reports, the overall cost of living index for this zip code is around 80.3, which is slightly lower than the national average of 100. This means that people in Monterey can expect to pay less for their everyday needs. The median home value in this area is also very affordable at just over $100,000, and the median household income stands at around $35,000 annually. With these figures in mind, it's clear that Monterey residents can enjoy a comfortable lifestyle without breaking the bank.