Monticello, IN, has a cost of living index that is slightly below the nationwide average. The overall index stands at 90, which is 10% lower than the national average of 100. This means that, on average, residents in Monticello can expect to pay less for their housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses compared to the rest of the country.
For job seekers, this presents an opportunity to enjoy a more affordable lifestyle without significantly compromising on quality. The lower cost of living can make Monticello an attractive option for those looking to stretch their budget further.
Monticello, IN, presents a cost of living that is notably lower than the nationwide average, which is set at 100. The cost of housing in Monticello stands at 85, indicating a 15% reduction compared to the national average. This makes housing more affordable for residents, potentially easing the financial burden for those looking to settle in Monticello.
In addition to housing, other areas such as groceries, utilities, and miscellaneous expenses also reflect lower costs. Groceries in Monticello are priced at 95, which is 5% below the average. Utilities, at 90, show a 10% decrease, and miscellaneous costs are at 92, which is 8% lower than the national average. These figures suggest that living in Monticello can be more economical in several key areas, making it an attractive option for budget-conscious individuals.
