Housing costs in Monterey Park?
A typical home costs
$811,600, which is 140.0% more expensive than the national average of
$338,100 and 10.6% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Monterey Park costs
$2,030 per month, which is 5.6% cheaper than the national average of
$2,150 and 13.3% cheaper than the state average of
$2,300.
Can I afford Monterey Park?
To live comfortably in Monterey Park (zip 91755), California, a minimum annual income of
$155,520 for a family, and
$64,000 for a single person is recommended.
What does A.I. say about Monterey Park?
The cost of living in 91755 Monterey Park, CA is generally considered to be quite reasonable. The median home price in the area is around $547,600 and housing costs account for approximately 35% of the average household's budget. There are also plenty of restaurants and grocery stores to choose from, with the cost of groceries about 4% higher than the national average. Transportation costs are relatively low, and utilities are on par with the rest of California. All in all, 91755 Monterey Park, CA is a great place to live with an affordable cost of living.