Cost of Living in Monticello, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
81.7
100 = national avg
-18.3 vs national average
Living Wage (1 Adult)
$35,958
per year
Living Wage (Family of 4)
$84,992
per year
Cost Index by Category
Housing88.3
Food84.3
Transportation68.7
Healthcare87.5
Utilities88.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,204
per month
2 Bedroom
$1,352
per month
The overall cost of living index in Monticello is 81.7, which is 18.3% below the national average. Housing costs are below the national average at an index of 88.3. A single adult needs to earn approximately $35,958 per year to cover basic expenses.