Cost Of Living in Monterey, VA

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A+

0%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

12%

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	Virginia	National
Cost of living	100	111	100
Groceries	102	103	100
Health care	105	103	100
Housing	88	129	100
Transportation	102	105	100
Utilities	107	104	100
Lifestyle & Entertainment	107	103	100
Household Items	104	102	100
Education & Childcare	108	109	100

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Homes For Sale In Monterey, VA

2468 Valley Center Rd

Monterey, VA

202 Spruce St

Monterey, VA

1271 Shady Ln

Monterey, VA

Lot 41

lot 42, Lo

Cost Of Living Quick Facts

The cost of living in Monterey is 11% lower than the Virginia average
The cost of living in Monterey is equal to the national average
Monterey housing is 12% lower than the national average
Virginia general sales tax is 4% higher than the national average
Virginia state income tax is 23% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$76,177	$6,348	$1,777	$2,286
Renters	$48,170	$4,014	$1,124	$1,445

Virginia Sales Tax

State	General Sales Tax	With Max Surtax
Virginia	5.3%	6%

Virginia Income Tax

State	Income Tax (Low)	Income Tax (High)
Virginia	2%	5.75%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Frank, WV	54	105	4.5%
Durbin, WV	322	86	14.0%
Arbovale, WV	126	94	6.0%
Deerfield, VA	233	94	5.9%
Bartow, WV	81	98	1.8%
Monterey, VA	179	100	0.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
St. Stephens, AL	179	96	3.7%
Bodcaw, AR	179	78	22.2%
Houston, AR	179	81	18.6%
Red Rock CDP (Apache County), AZ	179	88	12.0%
Fort Bidwell, CA	179	101	0.6%
Monterey, VA	179	100	0.5%

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.

Cost of Living in Monterey, VA

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Cost Of Living Quick Facts

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Median Income & Debt-To-Income Ratio

Virginia Sales Tax

Virginia Income Tax

Nearby cities with low cost of living

Cities with similar population