Cost of Living in Monticello, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
69.1
100 = national avg
-30.9 vs national average
Living Wage (1 Adult)
$30,400
per year
Living Wage (Family of 4)
$71,856
per year
Cost Index by Category
Housing67.4
Food78.8
Transportation57.7
Healthcare83.1
Utilities80.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$677
per month
2 Bedroom
$866
per month
The overall cost of living index in Monticello is 69.1, which is 30.9% below the national average. Housing costs are below the national average at an index of 67.4. A single adult needs to earn approximately $30,400 per year to cover basic expenses.