Monmouth, IL, has a lower cost of living index compared to the nationwide average. The overall index for Monmouth stands at 85, which is 15% below the national average of 100. This lower cost translates to more affordable living expenses in areas like housing, groceries, and utilities for those relocating to Monmouth. The graph shows that while some categories such as healthcare and miscellaneous costs are slightly higher, others like housing and utilities remain significantly lower than the national averages. This balance makes Monmouth an attractive option for job seekers looking for affordability without sacrificing essential services.
Monmouth, IL, exhibits a cost of living that is notably lower than the nationwide average, which is set at 100. Specifically, the housing index stands at 75, indicating that housing costs in Monmouth are 25% less than the national average. This makes it an attractive option for those looking to save on their housing expenses. The lower housing costs, combined with reasonable prices in other areas, present a favorable economic environment for individuals and families alike.
Furthermore, while grocery costs in Monmouth are slightly below the national average at 90, utilities and transportation costs are close to the average, with indices of 85 and 80 respectively. Healthcare costs, however, are slightly higher, coming in at 95, suggesting that while overall living expenses are lower, healthcare may require a bit more budget planning. Miscellaneous costs also mirror the national trend, with an index of 88, providing a well-rounded view of the cost of living in Monmouth relative to the rest of the country. This overall lower cost of living, combined with slightly higher healthcare costs, can be a significant consideration for job seekers evaluating their relocation options.
