Monticello, KY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
74
Monticello's Overall Cost Of Living
0.7x
Lower Than The National Average
1 out of 85
In Kentucky
23 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Monticello is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Monticello, KY?

According to the most recent data on the cost of living, Monticello has an overall cost of living index of 74 which is 0.7x lower than the national index of 100.

Compared to only Kentucky, Monticello has a cost of living index that's 0.8x lower than Kentucky's index of 90.

The standard of living in Monticello ranks as #23 most affordable out of the 6,418 places we measured in Kentucky. By definition, that implies Monticello ranks as the #6,396 most expensive place in the Bluegrass State.

For more reading on life in Monticello, check out:

Monticello Cost Of Living Vs. Kentucky

Living Expense Monticello Kentucky National Average
Overall 74 90 100
Services 87 103 100
Groceries 86 90 100
Health 91 88 100
Housing 45 70 100
Transportation 89 98 100
Utilities 93 102 100
For more reading on cost of living around Kentucky, check out:
Monticello Cost of Living Vs. KY

Monticello, KY Housing Cost Breakdown

Housing swings affordability the most between places in Kentucky, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$97,300
Median Home Value
$565
Median Rent
$36,956
Median Income
Statistic Monticello Kentucky United States
Median Home Value $97,300 $147,100 $229,800
Median Rent $565 $783 $1,096
Median Income $36,956 $52,238 $64,994
Home Value To Income 2.6x 2.8x 3.5x
Rent To Monthly Income 0.18x 0.18x 0.2x

Detailed Monticello Services Costs Vs. Kentucky

Item Monticello Kentucky
Shampoo $0.84 $1.06
Movie $10.22 $10.68
Bowling $18.67 $14.67

Detailed Monticello Groceries Costs Vs. Kentucky

Item Monticello Kentucky
Ground Beef $4.41 $4.22
Fried Chicken $0.99 $1.39
Milk $1.85 $2.05

Detailed Monticello Health Costs Vs. Kentucky

Item Monticello Kentucky
Haircut $14.73 $18.62
Beauty Salon $37.6 $39.05
Toothpaste $1.5 $2.34

Detailed Monticello Transportation Costs Vs. Kentucky

Item Monticello Kentucky
Potatoes $2.88 $3.29
Pizza $9.99 $10.62
Beer $9.75 $9.38
Optometrist $88.0 $108.57
Doctor $105.73 $116.17
Dentist $88.77 $99.13

Detailed Monticello Utilities Costs Vs. Kentucky

Item Monticello Kentucky
Gasoline $2.06 $2.22
Tire Balancing $36.44 $50.07
All Electricity $149.12 $167.67
Phone $184.96 $175.64

Monticello SnackAbility

4
/10
Overall SnackAbility
Jobs
4/10
Housing
4
Affordability
8
Diversity
6
Safety
6
Amenities
8
Education
4
Commute
9.5

Cost Of Living In Cities Around Monticello

City Population Cost Of Living Vs. Monticello
Somerset, KY 11,548 85 1.1x
Campbellsville, KY 11,370 88 1.2x
London, KY 8,058 88 1.2x
Corbin, KY 7,558 80 1.1x
Williamsburg, KY 5,266 75 1.0x

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