You need $104,867/yr
to live in Monterey
Based on government bond data
1BR median rent
$605/wk
Annual change
+4.5%
Rental stress
Yes
Location
Sydney, NSW
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Rent trend
Quarterly median rent
Can you afford it?
Enter your gross salary to check
$85,000
Weekly take-home
$1,254/wk
Weekly rent
$700/wk
Rent share
56%
You'd have $554/wk left after rent
Weekly budget breakdown
$1,029/week total
Rent
$605/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$605/wk
2 BR
$715/wk
3 BR
$870/wk
4+ BR
$1,150/wk
Annual change
+4.5%
Quarterly change
-1.4%
Suburb snapshot
ABS Census 2021
Median household income
$1,785/wk
Median age
44
Avg household size
2.5
Rent-to-income
39%
Nearby suburbs
Ramsgate Beach
NSW
$700/wk
$104,867/yr
+4.5%
Ramsgate
NSW
$700/wk
$104,867/yr
+4.5%
Kogarah
NSW
$700/wk
$104,867/yr
+4.5%
Brighton-Le-Sands
NSW
$690/wk
$100,534/yr
+3.0%
Beverley Park
NSW
$700/wk
$104,867/yr
+4.5%
Rockdale
NSW
$690/wk
$100,534/yr
+3.0%
About renting in Monterey
Monterey is located in Sydney, NSW. The median weekly rent is $700, meaning a single person needs to earn at least $104,867 per year to keep rent below 30% of income.
How is the salary needed calculated?
The salary needed uses the 30% rule: annual income required = (weekly rent x 52) / 0.3. This is a widely used affordability benchmark — spending more than 30% of gross income on rent is considered "rental stress".
Where does the rent data come from?
Rent data comes from government bond lodgement records — NSW DCJ, QLD RTA, and VIC DFFH. This covers actual bonds lodged, making it one of the most reliable rent data sources in Australia.