Monmouth, IL, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Monmouth stands at 85, which is 15% below the average of 100. This makes Monmouth an attractive option for those seeking more affordable living expenses without sacrificing quality of life.
Specifically, housing costs in Monmouth are 25% lower than the national average, while groceries and utilities are slightly below average at 10% and 5% respectively. Transportation costs are 5% higher, but healthcare and miscellaneous expenses are also below average, at 20% and 12% respectively. This balanced distribution makes Monmouth a cost-effective choice for many.
Monmouth, IL, presents a cost of living that is notably lower than the nationwide average. The housing index in Monmouth stands at 75, which is 25% below the national average. This means that housing expenses in Monmouth are significantly more affordable compared to the rest of the country. For job seekers, this presents an opportunity to find more budget-friendly living arrangements without compromising on quality.
In addition to housing, other cost categories in Monmouth also reflect lower expenses. Groceries, utilities, and miscellaneous costs are all slightly below the national average, with indices of 90, 85, and 88, respectively. This translates to savings of 10%, 15%, and 12% compared to the nationwide figures. Transportation costs are slightly higher, at 95, which is 5% above the average. Healthcare costs, though, remain at 80, indicating a 20% reduction from the national average. Overall, Monmouth offers a cost-effective living environment for those seeking a balance between affordability and quality of life.
