Monticello, KY, offers a cost of living below the nationwide average. The overall index stands at 82, which is 18% lower than the national average of 100. Housing, in particular, costs significantly less, with an index of 70, showing a 30% reduction compared to the average. Groceries and utilities also align closely with the average, at 90 and 90, respectively. Transportation, healthcare, and miscellaneous expenses are slightly below or close to the average, making Monticello a relatively affordable place to live.
The cost of living in Monticello, KY, presents a mix of affordability and accessibility compared to the nationwide average. For housing, Monticello scores 70 on the cost of living index, indicating that it costs 30% less than the national average. This lower housing cost can be a significant draw for individuals and families looking to reduce their expenses. Additionally, grocery prices in Monticello are only 10% lower than the nationwide average, with an index of 90.
Utilities in Monticello also reflect a slight reduction, with an index of 90, equating to a 10% lower cost compared to the national average. Transportation costs are slightly above average, with an index of 80, meaning they are 20% lower than the national average. Healthcare costs are relatively close to the national average, with an index of 85, which is 15% lower. Miscellaneous costs, including entertainment and personal care, are at an index of 75, 25% below the national average. Overall, Monticello offers various areas where residents can benefit financially compared to the nationwide average.
