Housing costs in Monticello?
A typical home costs
$309,800, which is 8.4% less expensive than the national average of
$338,100 and 0.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Monticello costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 2.4% more than the state average of
$1,240.
Can I afford Monticello?
To live comfortably in Monticello, Minnesota, a minimum annual income of
$59,400 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Monticello?
Monticello, MN has a relatively low cost of living. According to the BestPlaces Cost of Living Index, it is nearly 10% lower than the US average. The median home price in Monticello is $214,000 which is significantly lower than the US median of $231,200. Groceries and dining out are also reasonably priced as well as utilities such as electricity and internet. Transportation costs are slightly higher than the US average but overall, Monticello offers its residents a good quality of life at an affordable price.