Housing costs in Monticello?
A typical home costs
$183,300, which is 45.8% less expensive than the national average of
$338,100 and 17.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Monticello costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 11.4% cheaper than the state average of
$980.
Can I afford Monticello?
To live comfortably in Monticello, Indiana, a minimum annual income of
$35,280 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Monticello?
The cost of living in Monticello, IN is quite affordable. The city's median household income was $42,052 in 2019, which is slightly below the national average of $61,937. Additionally, the median home value was $125,800 according to the same survey year. This amount is lower than both Indiana’s median home value of $141,400 and the national average of $216,200. Furthermore, local goods and services are relatively inexpensive when compared to other cities in Indiana and across the nation. In conclusion, those looking for a more cost-effective place to live should seriously consider Monticello as an option.