Monticello, IN, offers a lower cost of living compared to the nationwide average, which is set at 100. Specifically, the overall cost of living index for Monticello stands at 86, indicating that it costs 14% less than the national average. This makes Monticello an attractive option for those seeking more affordable living expenses.
Individually, the housing index in Monticello is notably lower, at 76, representing a 24% decrease from the national average. Other categories like groceries, utilities, transportation, healthcare, and miscellaneous expenses also remain under the national average, with the highest being transportation at 95. These figures collectively point to a cost of living in Monticello that is more economical, particularly in housing, for prospective residents.
The cost of living in Monticello, Indiana, presents a unique blend of affordability and proximity to the national average. Housing costs in Monticello stand at 76, significantly lower than the nationwide average of 100. This represents a 24% reduction, making it a prime location for those looking to save on housing expenses. Job seekers will find that the lower cost of housing provides a considerable financial advantage, allowing for better allocation of resources to other living necessities.
When considering other expenses, Monticello's cost of living index aligns closely with the national average in many categories. Groceries, utilities, healthcare, transportation, and miscellaneous costs all fall within a range of 85 to 95, which is between 85% and 95% of the national average. This consistency ensures that while some areas offer savings, others maintain competitive levels. Therefore, individuals relocating to Monticello can expect to enjoy a balanced lifestyle without experiencing drastic fluctuations in their overall living expenses.
