Cost of Living in Lake Monticello, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
159.1
100 = national avg
+59.1 vs national average
Living Wage (1 Adult)
$70,005
per year
Living Wage (Family of 4)
$165,466
per year
Cost Index by Category
Housing193.6
Food127.5
Transportation154.9
Healthcare122.0
Utilities135.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,602
per month
2 Bedroom
$1,824
per month
The overall cost of living index in Lake Monticello is 159.1, which is 59.1% above the national average. Housing costs are above the national average at an index of 193.6. A single adult needs to earn approximately $70,005 per year to cover basic expenses.