Cost of Living in Monterey, CA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
207.0
100 = national avg
+107.0 vs national average
Living Wage (1 Adult)
$91,095
per year
Living Wage (Family of 4)
$215,315
per year
Cost Index by Category
Housing340.6
Food129.6
Transportation103.7
Healthcare123.7
Utilities165.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,232
per month
2 Bedroom
$2,684
per month
The overall cost of living index in Monterey is 207.0, which is 107.0% above the national average. Housing costs are above the national average at an index of 340.6. A single adult needs to earn approximately $91,095 per year to cover basic expenses.