Monett, MO, shows a cost of living index below the nationwide average of 100. Specifically, the overall cost of living in Monett stands at 88, which means it is 12% less expensive than the national average. This lower cost is primarily due to housing prices, which are 31% lower, and utilities, which are only 8% lower. Despite minor increases in grocery prices and healthcare costs, the lower housing costs help maintain the overall lower cost of living in Monett.
The cost of living in Monett, Missouri, offers an attractive alternative to the nationwide average, particularly in housing. With a cost of living index of 69, housing in Monett is 31% less expensive than the national average, which is set at 100. This means that for every dollar spent on housing across the country, residents in Monett only need to spend 69 cents on average. This significant reduction in housing costs can make Monett an appealing choice for those looking to purchase property or rent an apartment.
In addition to housing, other cost factors in Monett also compare favorably to the nationwide average. For instance, groceries are priced at 95 on the cost of living index, showing a 5% savings compared to the national average. Utilities cost 92, which is 8% cheaper, and transportation costs 94, which is 6% less expensive. Healthcare costs are 88, indicating 12% lower expenses, while miscellaneous costs are 90, equating to a 10% savings. Overall, Monett presents several areas where residents can enjoy savings, making it a cost-effective place to live.
