Cost of Living: Inver Grove Heights, MN vs Monterey, CA
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,119/mo in Inver Grove Heights, MN versus $3,974/mo in Monterey, CA. In the model, rent is about 21.09% of gross in Inver Grove Heights, MN versus 33.34% in Monterey, CA, so Inver Grove Heights, MN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Inver Grove Heights, MN and Monterey, CA.
At a glance
- Cheaper overall (lower cost-of-living index): Monterey, CA
- Lower rent (median 1BR/2BR): Inver Grove Heights, MN
- Lower home prices: Inver Grove Heights, MN
- Higher median household income: Monterey, CA
Cost of Living Index
Inver Grove Heights, MN: 100 (U.S. = 100) · Monterey, CA: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Inver Grove Heights, MN: $1,375/mo (midpoint of 1BR/2BR) · Monterey, CA: $2,174/mo
Median rent in Monterey, CA is $799/mo higher than in Inver Grove Heights, MN.
Median Home Price
Inver Grove Heights, MN: $352,300 · Monterey, CA: $1,003,300
Median home price in Monterey, CA is $651,000 higher than in Inver Grove Heights, MN.
Median Household Income
Inver Grove Heights, MN: $104,055 · Monterey, CA: $104,110
Monterey, CA has a higher median household income than Inver Grove Heights, MN by $55.
Inver Grove Heights, MN overview · Monterey, CA overview · Popular comparisons