Cost of Living in Monterey Park, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
46.1
100 = national avg
-53.9 vs national average
Living Wage (1 Adult)
$20,265
per year
Living Wage (Family of 4)
$47,899
per year
Cost Index by Category
Housing22.5
Food71.6
Transportation43.3
Healthcare77.3
Utilities67.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,185
per month
2 Bedroom
$1,464
per month
The overall cost of living index in Monterey Park is 46.1, which is 53.9% below the national average. Housing costs are below the national average at an index of 22.5. A single adult needs to earn approximately $20,265 per year to cover basic expenses.