The housing market plays a significant role in determining the cost of living in Monterey, VA.
Considering relocating to Monterey, VA? The housing index here is 95.0, indicating affordability relative to other regions. The median home price is set at 202500, making homeownership more attainable compared to many urban centers. Additionally, average rents for a 2-bedroom apartment and house stand at 1200 and 1246, respectively, offering budget-friendly options should you opt to rent. Overall, with a balanced market and reasonable living costs, Monterey may provide an appealing alternative for families and young professionals alike.
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monterey, VA.
Living in Monterey, VA could entail higher utility costs. Electricity costs sit at 15.31, while natural gas is priced at 19.91 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.
The cost of living index is a widely used metric to determine the relative affordability of cities and towns.
The median income is an important factor to consider when evaluating the affordability of a city or town.
Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.
When considering a move to Monterey, VA, consider the following factors: