Housing costs in El Monte?
A typical home costs
$694,600, which is 105.4% more expensive than the national average of
$338,100 and 5.3% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in El Monte costs
$1,870 per month, which is 13.0% cheaper than the national average of
$2,150 and 23.0% cheaper than the state average of
$2,300.
Can I afford El Monte?
To live comfortably in El Monte (zip 91731), California, a minimum annual income of
$133,200 for a family, and
$58,800 for a single person is recommended.
What does A.I. say about El Monte?
The cost of living in 91731 El Monte, CA is relatively affordable compared to other cities in the Los Angeles area. Housing costs are among the most affordable, with a median home price of $460,000 and a median rent of $1,639. The overall cost of living index in 91731 El Monte is 111.9, which is 11.9% higher than the national average. Groceries and health care costs are also relatively low compared to other areas in California. Additionally, transportation costs are also lower than the national average and public transportation options such as Metrolink make accessing larger areas such as Los Angeles or Orange County more accessible without needing to own a vehicle. Overall, 91731 El Monte is an affordable city with plenty of amenities for its residents.