Housing costs in Lake Monticello?
A typical home costs
$277,300, which is 18.0% less expensive than the national average of
$338,100 and 19.2% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Lake Monticello costs
$1,470 per month, which is 2.8% more than the national average of
$1,430 and 4.8% more than the state average of
$1,400.
Can I afford Lake Monticello?
To live comfortably in Lake Monticello, Virginia, a minimum annual income of
$53,280 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Lake Monticello?
The cost of living in Lake Monticello, VA is relatively affordable compared to other cities in the surrounding area. The median home price is around $250,000 which is lower than the Virginia state average of around $300,000. Rent prices are also quite reasonable ranging from around $800 - $1500 depending on size and location of the property. Groceries and utilities are also generally quite affordable with most families spending an average of between $100 to $200 per month. Overall, the cost of living in Lake Monticello, VA makes it a great place for those looking for a comfortable lifestyle without breaking the bank.