Monticello, KY, presents a favorable cost of living when compared to the nationwide average. The overall cost of living index in Monticello is 89, which is 11% lower than the national average of 100. This decrease is due to lower housing costs, with Monticello's housing index at 77 compared to the national average.
Specifically, Monticello's grocery and utility costs are slightly below average, at 91 and 94, respectively, while transportation costs are also below average at 90. Healthcare costs in Monticello are slightly above the national average at 98, but miscellaneous costs stand at 87, contributing to the overall lower cost of living index.
Monticello, KY, has a cost of living index that offers a favorable comparison to the nationwide average. With the national average set at 100, Monticello's housing index stands at 77, showing that housing costs are 23% lower than the average. This can be a significant advantage for job seekers looking for affordable living arrangements. For groceries, Monticello's index is 91, indicating that grocery costs are 9% lower than the national average. This affordability extends to utilities, which are priced at 94, reflecting a 6% savings.
In terms of transportation and healthcare, Monticello also compares well to the national average. Transportation costs are at 90, which is 10% below the average, and healthcare costs are at 98, only 2% below the national average. Miscellaneous expenses, typically a category that includes everything from entertainment to personal care, show Monticello at 87, which is 13% lower than the nationwide average. Overall, Monticello provides a cost of living that is notably lower in several key areas compared to the national average, making it an attractive option for those seeking a more budget-friendly lifestyle.
