Cost of Living in Montebello, NY

With a cost of living index of 155, Montebello, NY is one of the most expensive cities in the United States. Living here is 55% more expensive than the national average and 44% above the New York state average of 111. Montebello is a small community of 4,649 residents.

Housing costs are the biggest factor in Montebello's cost of living. The median monthly rent is $1,884 (43% above the US median of $1,319), and the median home value sits at $714,600 (134% above the national median of $304,900). At current prices, the median home costs roughly 4.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Montebello is $150,882, which is 101% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Montebello. The area sees an average annual temperature of 55.4°F, with summers averaging 76°F and winters around 35°F. Annual rainfall totals 46.3 inches spread over roughly 127 days.

Everyday prices in the New York-Newark-Jersey City, NY-NJ (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.