Monmouth, IL, offers a favorable cost of living when compared to the nationwide average, which stands at 100. Housing costs in Monmouth, at 85, are 15% lower than the national average, making it a more affordable option for housing. Additionally, groceries at 92 are just 2% below the average, while utilities at 90, healthcare at 88, and miscellaneous expenses at 95 also remain close to the national benchmark. Overall, Monmouth provides a competitive cost of living with only minor variations in specific categories.
Monmouth, Illinois has a cost of living index that can make a significant difference for job seekers considering a move. Housing costs in Monmouth are 15% below the nationwide average, making it an attractive option for those looking to save on their living expenses. While this might be a strong draw for many, other factors show variations. For example, groceries cost 2% more than the national average, while utilities and healthcare remain slightly below the average at 10% and 12%, respectively.
In terms of day-to-day living, transportation costs in Monmouth are 8% higher than the nationwide average, which might affect those who rely on personal vehicles. Miscellaneous costs are also slightly above average at 5%, indicating minor additional expenses for items not covered in other categories. Despite these slight increases, the overall cost of living in Monmouth presents a mix of lower and higher costs compared to the national average, offering a unique balance for potential residents.
