Cost of Living in Monterey park, CA
Housing
The housing market plays a significant role in determining the cost of living in Monterey park, CA.
- Housing Index: 140.0 / 100
- Median Home Price is: $837,000
- Average Rent (2 BR Apartment): $2800 per month
- Average Rent (2 BR House): $2880 per month
When considering a move to Monterey park, CA, the housing index stands at 140.0, indicating a relatively high cost of living. With a median home price of 837000, purchasing a home may not be feasible for everyone. The average rents are also steep, with 2800 for a 2-bedroom apartment and 2880 for a 2-bedroom house, making it essential to evaluate your budget and necessitate. Furthermore, consider the amenities, neighborhood vibe, and job opportunities, as these factors greatly influence overall satisfaction in your potential new home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monterey park, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Monterey park, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Monterey park is a financially viable option for your relocation.