Monticello, NY Cost Of Living
Cost Of Living In Monticello, NY Summary
Cost of living in Monticello research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Monticello is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Monticello is 92, with 100 being the average.
The cost of living index in Monticello is 0.9x lower than the national average.
Monticello ranks as the #52 cheapest in New York out of 340.
Monticello ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Monticello is $121,000.
The median income in Monticello is $38,885.
Table Of Contents
Monticello's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Monticello, NY?
According to the most recent data on the cost of living, Monticello has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to New York, Monticello has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Monticello ranks as #52 most affordable out of the 340 places we measured in New York. By definition, that implies Monticello ranks as the #288 most expensive place in the Empire State.
For more reading on life in Monticello, check out:
- Living In Monticello
- Monticello Crime Report
- Search Homes For Sale In Monticello, NY
In New York
In America
Monticello Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Monticello. Here is how it fairs on each of the criteria:
The Services index in Monticello is 102.
The Groceries index in Monticello is 104.
The Health index in Monticello is 92.
The Housing index in Monticello is 58.
The Transportation index in Monticello is 112.
The Utilities index in Monticello is 107.
| Living Expense | Monticello | New York | National Average | |
|---|---|---|---|---|
| Overall | 92 | 126 | 100 | |
| Services | 102 | 110 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 92 | 105 | 100 | |
| Housing | 58 | 175 | 100 | |
| Transportation | 112 | 107 | 100 | |
| Utilities | 107 | 102 | 100 | |
Monticello, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Monticello is $121,000.
The Median Rent in Monticello is $923.
The Median Income in Monticello is $38,885.
The Home Value To Income in Monticello is 3.1x.
The Rent To Monthly Income in Monticello is 0.28x.
| Statistic | Monticello | New York | United States |
|---|---|---|---|
| Median Home Value | $121,000 | $340,600 | $244,900 |
| Median Rent | $923 | $1,390 | $1,163 |
| Median Income | $38,885 | $75,157 | $69,021 |
| Home Value To Income | 3.1x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Monticello, NY Costs By Category
Detailed Monticello Services Costs Vs. New York
| Item | Monticello | New York |
|---|---|---|
| Shampoo | $1.1 | $1.06 |
| Movie | $10.58 | $10.68 |
| Bowling | $16.34 | $14.67 |
| Haircut | $14.89 | $18.62 |
| Beauty Salon | $32.72 | $39.05 |
Detailed Monticello Groceries Costs Vs. New York
| Item | Monticello | New York |
|---|---|---|
| Ground Beef | $4.14 | $4.22 |
| Fried Chicken | $1.61 | $1.39 |
| Milk | $2.07 | $2.05 |
| Potatoes | $3.78 | $3.29 |
| Pizza | $9.31 | $10.62 |
| Beer | $9.83 | $9.38 |
| Toothpaste | $2.18 | $2.34 |
Detailed Monticello Health Costs Vs. New York
| Item | Monticello | New York |
|---|---|---|
| Optometrist | $59.08 | $108.57 |
| Doctor | $78.28 | $116.17 |
| Dentist | $108.44 | $99.13 |
Detailed Monticello Transportation Costs Vs. New York
| Item | Monticello | New York |
|---|---|---|
| Gasoline | $2.56 | $2.22 |
| Tire Balancing | $51.69 | $50.07 |
Detailed Monticello Utilities Costs Vs. New York
| Item | Monticello | New York |
|---|---|---|
| All Electricity | $189.4 | $167.67 |
| Phone | $189.07 | $175.64 |
Monticello SnackAbility
/10
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:
Oakland, NJ has a cost of living index of 138, 1.5x Monticello.
Stony Point, NY has a cost of living index of 137, 1.5x Monticello.
Suffern, NY has a cost of living index of 127, 1.4x Monticello.
| City | Population | Cost Of Living | Vs. Monticello |
|---|---|---|---|
| Oakland, NJ | 12,773 | 138 | 1.5x |
| Stony Point, NY | 12,389 | 137 | 1.5x |
| Suffern, NY | 11,376 | 127 | 1.4x |
| West Haverstraw, NY | 10,665 | 125 | 1.4x |
| Airmont, NY | 9,964 | 141 | 1.5x |
| Monroe, NY | 9,392 | 133 | 1.4x |
| Hillcrest, NY | 8,667 | 143 | 1.6x |
| Wesley Hills, NY | 6,105 | 166 | 1.8x |
| Lake Mohegan, NY | 5,645 | 140 | 1.5x |
