Monticello, KY, presents a cost of living index that is notably lower than the nationwide average of 100. Specifically, housing costs in Monticello are 26% below the national average, making it a more affordable option for job seekers. Other categories, such as groceries, utilities, transportation, healthcare, and miscellaneous expenses, also sit slightly below the national average, offering additional savings opportunities for residents.
Monticello, KY, offers a cost of living that is notably lower than the nationwide average. The Housing index in Monticello is 74, which means it is 26% lower than the national average. This significant decrease in housing costs can be a major advantage for job seekers looking to save on one of the largest monthly expenses. Additionally, utilities, which include electricity, gas, and water, are priced at 92, which is 8% below the national average. This slight reduction can also contribute to lower overall living expenses.
In terms of other living costs, groceries in Monticello are priced at 95, just 5% below the national average. This small difference indicates that food expenses are nearly on par with the nationwide costs. Transportation costs are also relatively close to the average, at 88, just 12% below the national figure. This means that getting around should not be much more expensive than in other areas. Healthcare, another significant expense, is at 88, again 12% below the national average. Lastly, miscellaneous costs are at 85, which is 15% lower than the national average. Overall, Monticello, KY, provides a cost of living that is beneficial for those looking to reduce their expenses compared to the national averages.
