Housing costs in Monticello?
A typical home costs
$222,800, which is 34.1% less expensive than the national average of
$338,100 and 7.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Monticello costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 14.5% cheaper than the state average of
$1,260.
Can I afford Monticello?
To live comfortably in Monticello (zip 61856), Illinois, a minimum annual income of
$42,840 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Monticello?
Monticello, IL is a great place to live, with a cost of living that is 13% lower than the national average. The median home price in 61856 Monticello, IL is $86,900 and the median rent price of $647 per month. Utilities are also quite affordable, with an estimated monthly cost for all basic utilities averaging around $138 per month. Groceries tend to be slightly more expensive in Monticello than other parts of Illinois, but they are still reasonable and average around $336 per month for the basics. Property taxes are relatively low compared to the rest of Illinois at 1.33%. Altogether, the cost of living in 61856 Monticello, IL makes it an affordable place to live while still providing access to great amenities.