Cost of Living in Monticello, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
55.9
100 = national avg
-44.1 vs national average
Living Wage (1 Adult)
$24,595
per year
Living Wage (Family of 4)
$58,133
per year
Cost Index by Category
Housing47.9
Food72.1
Transportation44.2
Healthcare77.7
Utilities72.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$657
per month
2 Bedroom
$863
per month
The overall cost of living index in Monticello is 55.9, which is 44.1% below the national average. Housing costs are below the national average at an index of 47.9. A single adult needs to earn approximately $24,595 per year to cover basic expenses.