Enviroment factors

Air quality:
1.8
Average air quality index for the past year
Poor air:
30/365
Total amount of days with bad air quality
Water Quality:

Cost of Living in Monterey, CA

Housing

The housing market plays a significant role in determining the cost of living in Monterey, CA.

  • Housing Index: 160.3 / 100
  • Median Home Price is: $1135000
  • Average Rent (2 BR Apartment): $3000 per month
  • Average Rent (2 BR House): $3060 per month

Considering moving to Monterey, CA? The housing index of 160.3 indicates a costly real estate market. A median home price of 1135000 along with high average rents of 3000 for a 2-bedroom apartment and 3060 for a house reflects a competitive housing landscape. Keep in mind that, while renting may provide flexibility, homeownership can build long-term equity. With its vibrant community and amenities, investing here could be worthwhile; however, weigh your options carefully against your budget and lifestyle priorities.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monterey, 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, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

  • Index score: 145.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

  • Median Income: $98003

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

Summary

When considering a move to Monterey, CA, consider the following factors:

  • Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
  • Job opportunities: The availability of jobs in your field can affect your quality of life.
  • Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.
Pros
  1. Beautiful coastal scenery
  2. Rich local cuisine options
  3. Strong community engagement
  4. Rich marine biodiversity
  5. Plenty of family activities
  6. Cultural diversity present
  7. Mild climate year-round
  8. Affordable outdoor recreation
  9. Thriving art scene
  10. Close to national parks
Cons
  1. Limited nightlife options
  2. Job market is competitive
  3. Tourism can crowd areas
  4. Limited school options available
  5. Traffic can be challenging
  6. High property taxes
  7. High cost of living
  8. Some areas have high crime
  9. Limited public transport
  10. Housing shortages exist