Monticello, KY, has a cost of living index that is slightly lower than the nationwide average. The overall index stands at 88%, indicating that residents can expect to pay about 12% less than what the average American pays for similar goods and services. This lower cost of living makes Monticello an attractive option for those seeking more affordable living expenses.
Monticello, KY, presents a cost of living that is notably lower than the nationwide average. The housing index in Monticello stands at 80, which is 20% below the average of 100. This means that housing costs in Monticello are significantly more affordable, making it an attractive option for those looking to save on their living expenses.
In addition to housing, other areas such as groceries, utilities, transportation, healthcare, and miscellaneous expenses also reflect lower costs. Groceries in Monticello have an index of 90, which is 10% below the national average. Utilities are slightly higher at 95, just 5% above the average, while transportation costs are at 85, 15% below the average. Healthcare costs are at 92, 8% below the average, and miscellaneous expenses are at 88, 12% below the average. Overall, Monticello offers a cost of living that is 10% lower than the national average, providing a cost-effective living environment for residents.
