Housing costs in Monterey?
A typical home costs
$248,100, which is 26.6% less expensive than the national average of
$338,100 and 27.7% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Monterey costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 79.5% cheaper than the state average of
$1,400.
Can I afford Monterey?
To live comfortably in Monterey (zip 24465), Virginia, a minimum annual income of
$47,520 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Monterey?
The cost of living in 24465 Monterey, VA is relatively low compared to the national average. According to BestPlaces, the cost of living index in Monterey is 55.60, which is nearly 20 points below the U.S. index of 75.44. Additionally, the cost of housing in Monterey is significantly lower than that of other areas in Virginia, with monthly rent for a one-bedroom apartment averaging around $600 and three-bedroom apartments averaging around $850 per month. Overall, 24465 Monterey, VA offers an affordable and comfortable lifestyle with a wide variety of amenities and activities to enjoy!