Monticello, IN, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Monticello stands at 86, which is 14% below the national average of 100. This lower cost of living makes Monticello an attractive option for those seeking more affordable living expenses without sacrificing quality of life.
Specifically, housing costs in Monticello are 25% lower than the national average, while groceries are only 10% below the average. Utilities and transportation also show slight savings, at 5% and 15% below the national average, respectively. Healthcare costs remain on par with the national average, and miscellaneous expenses are 20% lower. This balanced reduction across various categories highlights Monticello's affordability.
Monticello, IN, offers a cost of living that is notably lower than the nationwide average. The housing index stands at 75, which is 25% below the average of 100. This suggests that housing costs in Monticello are significantly more affordable, making it an attractive option for those looking to save on their living expenses. Additionally, the groceries index is 90, which is 10% below the average. This indicates that while groceries are slightly cheaper than the national average, they are still reasonably priced.
Utilities in Monticello are priced at 95, which is 5% below the average. This means that residents can expect to spend slightly less on utilities compared to the national average. Transportation costs are also lower, with an index of 85, representing a 15% decrease. This affordability extends to miscellaneous expenses, which are at 80, a 20% reduction from the average. Overall, Monticello provides a cost of living that is 15% below the national average, making it a financially prudent choice for many job seekers.
