Cost of Living in Monticello, MO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
117.4
100 = national avg
+17.4 vs national average
Living Wage (1 Adult)
$51,643
per year
Living Wage (Family of 4)
$122,065
per year
Cost Index by Category
Housing78.3
Food128.5
Transportation157.1
Healthcare122.8
Utilities112.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$677
per month
2 Bedroom
$888
per month
The overall cost of living index in Monticello is 117.4, which is 17.4% above the national average. Housing costs are below the national average at an index of 78.3. A single adult needs to earn approximately $51,643 per year to cover basic expenses.