Monticello, KY, presents a cost of living that is generally lower than the nationwide average of 100. The cost of housing in Monticello stands at 65, which is 35% below the national benchmark. This makes housing significantly more affordable for residents. Other expenses such as groceries, utilities, transportation, healthcare, and miscellaneous items also reflect lower costs. Groceries cost 90 in Monticello, which is 10% less than the national average, while utilities and miscellaneous items are 15% and 20% below the average, respectively. This favorable comparison in multiple areas makes Monticello an attractive location for job seekers looking for a lower cost of living.
The cost of living in Monticello, KY, compares quite favorably to the nationwide average, which is set at 100. Housing costs in Monticello are notably lower, sitting at a cost of living index of 65. This means residents spend 35% less on housing compared to the national average, offering significant savings for those seeking affordable homes.
Additionally, the transportation index in Monticello is at 92, indicating that costs are just 8% below the national average. This small difference means that commuting and owning a vehicle are more budget-friendly in Monticello. Groceries cost 90 in Monticello, which is 10% less than the national average. This suggests that everyday food expenses are manageable. Overall, these figures present Monticello as a potentially cost-effective place to live, especially for those looking to save on housing and transportation costs.
