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 88, which is 12% below the average of 100. This makes Monmouth an attractive option for those seeking more affordable living conditions.
Housing in Monmouth is particularly economical, with an index of 80, which is 20% lower than the national average. Other categories like groceries, utilities, and healthcare also show Monmouth's cost-effective living, with indices of 90, 95, and 92, respectively. This data highlights Monmouth as a budget-friendly choice for potential residents.
Monmouth, IL, presents a cost of living that is notably lower than the nationwide average. The housing index in Monmouth stands at 80, indicating that housing costs are 20% lower than the national average. This makes it an attractive option for individuals and families looking to save on their housing expenses. Additionally, the cost of groceries in Monmouth is slightly below the average, with an index of 90, meaning it is 10% cheaper than the national average. This affordability extends to utilities, which are priced at 95, just 5% above the national average.
Transportation costs in Monmouth also remain competitive, with an index of 88, which is 12% lower than the national average. This suggests that commuting and other transportation-related expenses are more manageable for residents. Healthcare costs, while slightly higher, are still relatively affordable with an index of 92, only 8% above the national average. Miscellaneous expenses, with an index of 85, are 15% lower than the national average, offering further savings. Overall, Monmouth provides a cost-effective living environment with several expenses below the national average.
