Cost of Living in Monterey, VA
Housing
The housing market plays a significant role in determining the cost of living in Monterey, VA.
- Housing Index: 107.5 / 100
- Median Home Price is: $202,500
- Average Rent (2 BR Apartment): $1935 per month
- Average Rent (2 BR House): $2103 per month
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 1935 and 2103, 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.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monterey, VA.
- Electricity Price: $15.31 USD (median by state)
- Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $242 per month
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 $242 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 is a financially viable option for your relocation.