Cost of Living in Monterey, IN

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18%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
50%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Monterey Indiana National
Cost of living8289100
Groceries9897100
Health care9597100
Housing5072100
Transportation9496100
Utilities9596100
Lifestyle & Entertainment9595100
Household Items9898100
Education & Childcare9994100
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Homes For Sale In Monterey, IN

property for sale

6217 E Washington St

Monterey, IN
property for sale

10510 E Orange St

Monterey, IN
property for sale

8921 S Main St

Ora, IN
property for sale

8790 U.S. 35

Monterey, IN

Cost Of Living Quick Facts

  • The cost of living in Monterey is 8% lower than the Indiana average
  • The cost of living in Monterey is 18% lower than the national average
  • Monterey housing is 50% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Monterey

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      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$89,752$7,479$2,094$2,693
      Renters$46,555$3,880$1,086$1,397

      Indiana Sales Tax

      State General Sales Tax With Max Surtax
      Indiana 7% 7%

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.15% 3.15%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Star City, IN2866930.6%
      Kewanna, IN4517821.8%
      Fulton, IN2618118.5%
      Winamac, IN2,7368316.6%
      Knox, IN3,6348415.9%
      Monterey, IN4038217.6%

      Cities with similar population

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      Branch, AR4037723.4%
      Orange Grove Mobile Manor, AZ403955.2%
      Columbus City, IA4038218.3%
      Miles, IA4038514.9%
      Vicco, KY403918.9%
      Monterey, IN4038217.6%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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