Monmouth, IL, stands out with a cost of living index that is notably lower than the nationwide average of 100. Specifically, Monmouth's index stands at 84, reflecting a 16% lower cost of living overall compared to the national benchmark. This advantage is particularly evident in housing, where the index is 75, indicating a 25% reduction in housing costs.
Overall, job seekers in Monmouth can expect to find living expenses that are 16% less than the average U.S. city, offering a potentially attractive option for those looking to balance quality of life with affordability.
The cost of living in Monmouth, IL, stands out as particularly affordable when compared to the nationwide average, which is set at 100. Monmouth's housing costs, for example, are at 75. This means residents pay 25% less for housing compared to the national average. People looking for job opportunities in Monmouth will find housing expenses notably lower, providing a significant financial advantage.
In other areas, Monmouth also offers competitive pricing. Groceries cost 90, with a 10% savings compared to the nationwide average. Utilities are slightly higher at 95, just 5% above average. Transportation, at 80, offers a 20% discount. Healthcare costs are at 85, just 15% higher than the average. Miscellaneous expenses come in at 88, which means they are 8% higher. Overall, Monmouth presents a very favorable cost of living, especially in key areas like housing and transportation.
