Cost of Living in Monticello, LA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
100.1
100 = national avg
+0.1 vs national average
Living Wage (1 Adult)
$44,041
per year
Living Wage (Family of 4)
$104,097
per year
Cost Index by Category
Housing106.3
Food97.5
Transportation94.9
Healthcare98.0
Utilities99.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,064
per month
2 Bedroom
$1,204
per month
The overall cost of living index in Monticello is 100.1, which is 0.1% above the national average. Housing costs are above the national average at an index of 106.3. A single adult needs to earn approximately $44,041 per year to cover basic expenses.