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 84, which is 0.8x lower than the national index of 100.
Compared to Kentucky, Monticello has a cost of living index that's 0.9x lower than Kentucky's index of 89.
The standard of living in Monticello ranks as #4 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Monticello ranks as the #81 most expensive place in the Bluegrass State.
For more reading on life in Monticello, check out:
Monticello Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Monticello. Here is how it fares on each of the criteria:
The Services index in Monticello is 96.
The Groceries index in Monticello is 97.
The Health index in Monticello is 55.
The Housing index in Monticello is 96.
The Transportation index in Monticello is 94.
The Utilities index in Monticello is 95.
| Living Expense | Monticello | Kentucky | National Average |
|---|---|---|---|
| Overall | 84 | 89 | 100 |
| Services | 96 | 100 | 100 |
| Groceries | 97 | 98 | 100 |
| Health | 55 | 68 | 100 |
| Housing | 96 | 98 | 100 |
| Transportation | 94 | 95 | 100 |
| Utilities | 95 | 96 | 100 |
Monticello Cost Of Living Compared To Kentucky Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Kentucky, check out:
Protect your home budget Compare home warranties in Monticello Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Monticello, KY Housing Cost Breakdown
Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Monticello is $158,807.
The Median Rent in Monticello is $779.
The Median Income in Monticello is $44,952.
The Home Value To Income in Monticello is 3.5x.
The Rent To Monthly Income in Monticello is 0.21x.
| Statistic | Monticello | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $158,807 | $231,894 | $332,700 |
| Median Rent | $779 | $967 | $1,413 |
| Median Income | $44,952 | $63,726 | $80,734 |
| Home Value To Income | 3.5x | 3.6x | 4.1x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.21x |
Monticello, KY Costs By Category
Detailed Monticello Services costs vs. Kentucky
| Item | Monticello | Kentucky |
|---|---|---|
| Shampoo | $1.08 | $1.28 |
| Movie | $11.36 | $12.13 |
| Bowling | $16.0 | $18 |
| Haircut | $16.67 | $24.26 |
| Beauty Salon | $35.81 | $45.56 |
Detailed Monticello Groceries costs vs. Kentucky
| Item | Monticello | Kentucky |
|---|---|---|
| Ground Beef | $6.08 | $5.84 |
| Fried Chicken | $1.44 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $5.16 | $4.93 |
| Pizza | $10.76 | $12.09 |
| Beer | $9.98 | $10.41 |
| Toothpaste | $3.68 | $3.7 |
Detailed Monticello Health costs vs. Kentucky
| Item | Monticello | Kentucky |
|---|---|---|
| Optometrist | $91.33 | $125.68 |
| Doctor | $106.94 | $135.78 |
| Dentist | $90.5 | $113.29 |
Detailed Monticello Transportation costs vs. Kentucky
| Item | Monticello | Kentucky |
|---|---|---|
| Gasoline | $3.19 | $3.46 |
| Tire Balancing | $50.61 | $59.92 |
Detailed Monticello Utilities costs vs. Kentucky
| Item | Monticello | Kentucky |
|---|---|---|
| All Electricity | $155.43 | $193.99 |
| Phone | $192.18 | $192.25 |
Monticello SnackAbility
Cost Of Living In Cities Around Monticello
The cost of living varies in the cities and towns around Monticello. Here's a quick look at the cost of living in the most populous nearby places:
Somerset, KY has a cost of living index of 85, 1.0x Monticello.
Campbellsville, KY has a cost of living index of 90, 1.1x Monticello.
Corbin, KY has a cost of living index of 88, 1.0x Monticello.
| City | Population | Cost Of Living | Vs. Monticello |
|---|---|---|---|
| Somerset, KY | 12,216 | 85 | 1.0x |
| Campbellsville, KY | 11,622 | 90 | 1.1x |
| Corbin, KY | 8,246 | 88 | 1.0x |
| London, KY | 7,561 | 89 | 1.1x |
| Williamsburg, KY | 5,270 | 81 | 1.0x |
