Monticello, KY, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Monticello stands at 85, which is 15% below the national average of 100. This lower cost of living makes Monticello an attractive option for those seeking more affordable living expenses without sacrificing quality of life.
Monticello, KY, offers a cost of living that is notably lower than the nationwide average. The housing index in Monticello stands at 75, which is 25% below the national average of 100. This suggests 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, and transportation also reflect lower costs in Monticello. The grocery index is at 88, which is 12% below the average. Utilities cost 10% less, with an index of 90, while transportation costs are 15% lower, with an index of 85. These savings can add up, making Monticello a budget-friendly place to live. Healthcare, however, is slightly above average at 95, indicating a minor increase in costs in this area. Overall, Monticello provides a cost-effective living environment with several key areas below the national average.
