Can A Financial Analyst Afford Rent in Monterey, CA?
Comfortably affordable — rent takes 27.8% of gross income.
Monterey rent: June 2026. Salary: BLS OEWS May 2024 (California state estimate).
About rent and a financial analyst salary
Financial analyst pay covers comfortable rent in most US cities. At the national-average financial-analyst salary, the 30% rule supports about $2,584 a month in rent, which is above the median in nearly every metro tracked here.
Cheaper rent nearby
These California cities have lower median rent than Monterey, which improves the affordability math on a financial analyst salary:
Compare with full rent data for Monterey
View full rent data for Monterey, CA →Frequently asked questions
Can a financial analyst afford rent in Monterey, CA?
Median rent in Monterey is $2,822 a month. A typical financial analyst in California earns about $121,941 a year, which makes that rent 27.8% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a financial analyst afford in Monterey?
Using the 30% rule, a financial analyst salary in California (~$121,941/yr) supports up to $3,049 a month in rent. Monterey's current median rent is $2,822/mo, which leaves a $227/mo buffer.
How many hours does a financial analyst work to cover rent in Monterey?
At an hourly equivalent of about $59 an hour, a financial analyst in California works roughly 48.1 hours a month to cover Monterey's median rent of $2,822.
Where is rent cheaper than Monterey for a financial analyst?
Nearby California cities with lower median rent include Torrance ($2,821/mo), Torrance ($2,821/mo), La Verne ($2,821/mo). Each shifts the affordability math materially on a financial analyst salary.