Cost of living in Monterey, Tennessee

Monterey, Tennessee has about 2,768 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $165,000.

HUD's fair-market rent for a 2-bedroom in Putnam County is $1,102 a month. That is the county number, not an apartment listing in Monterey. It runs from October 2026 through September 2027.

Tennessee's prices sit at 91.9 when the U.S. average is 100. This place is not in a metro area with its own index, so this is the state number from BEA for 2024.

Tennessee does not tax wages. A typical combined sales tax is 9.6% as of January 1, 2026. That mix is statewide, not Monterey's exact store tax.

In July 2026, a typical Tennessee home paid 13.71¢ per kilowatt-hour. That is a state average from EIA, not Monterey's bill.

EIA does not publish a Tennessee gasoline price. For the week of October 12, 2026, the Midwest (PADD 2) all-grades price was $4.237 a gallon. At 12,000 miles a year and 25 mpg, the index counts that as $2,033.76 a year. Those miles are our standard, not a Census figure, and every town in Tennessee shares this price.

Among 278 places we list in Tennessee with a rent figure, 231 have higher typical rent than Monterey.