Monmouth, IL, features a cost of living index that generally aligns closely with the nationwide average. The overall cost of living index in Monmouth stands at 91, indicating that expenses are 1% below the national average of 100. This relatively low index suggests that residents in Monmouth can expect to spend slightly less on living expenses compared to the average American.
The breakdown of the cost of living index reveals that housing costs are notably lower, at 85, while other categories such as groceries, utilities, transportation, healthcare, and miscellaneous expenses hover around or slightly above the national average. This variation provides job seekers with a clearer picture of potential savings and expenditures in Monmouth, IL.
Monmouth, IL, has a lower cost of living compared to the nationwide average. The overall cost of living index for Monmouth stands at 90, which is 10% lower than the national average of 100. Housing costs in Monmouth are 15% below the national average, with an index of 85. This makes finding a place to live more affordable for residents in Monmouth.
When comparing specific areas, groceries and utilities remain close to the national average. The grocery index is at 92, which is 2% higher, while utilities have an index of 98, 2% above the national average. Transportation costs also mirror the national trend with an index of 95, which is 5% higher. Healthcare costs are slightly lower, with an index of 90, making them 10% less expensive. Miscellaneous expenses, such as entertainment and personal care, have an index of 87, which is 13% lower. This data shows that while some categories are close to or slightly higher than the national average, Monmouth generally offers a lower cost of living.
