Monticello cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index9291100
Goods & Services index9797100
Groceries index9997100
Health care index10195100
Housing index8882100
Transportation index8594100
Utilities index8388100
The above illustration supplies generalized information for the Monticello, LA cost of living index. Compared to other cities in Louisiana and cities across the country, the cost of living index in Monticello, LA is 92, which is 1% higher than the Louisiana average and 8% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Monticello, LA are equal to the average for Louisiana and 3% lower than the rest of the country.

Did you know?

  • The cost of living in Monticello is 1% higher than the Louisiana average.
  • The cost of living in Monticello is 8% lower than the national average.
  • The cost of housing in Monticello is 12% lower than the national average.
  • Louisiana general sales tax is 21% lower than the national average.
  • Louisiana state income tax is 10% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Monticello, LA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Monticello, LA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Monticello, LA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Monticello, LA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Monticello, LA has a median income of about $65,183 for people who own homes. Based on that number, a person should spend a maximum of $1,521 on expenses related to housing. Renters have a slightly different median income, which is $19,153. Based on this average, renters should spend no more than $447 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Louisiana Sales Tax

StateGeneral Sales TaxWith Max Surtax

Louisiana Income Tax

StateIncome Tax (Low)Income Tax (High)
When you are determining the total cost of living in Monticello, LA you will want to make sure you consider both the Louisiana sales tax and the Louisiana income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Louisiana is 4%, with the highest surtax being 11%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Louisiana have a range from 2% to 6%.

Goods & Services

ItemMonticelloNational avg.Difference
Haircut $18.40$14.5926.1%
Beauty Salon $43.79$34.6826.3%
Toothpaste $3.92$2.4758.5%
Shampoo $2.31$1.02126.0%
Movie $9.13$9.877.5%
Bowling $3.91$4.3911.0%


ItemMonticelloNational avg.Difference
Ground Beef $4.97$4.4811.0%
Fried Chicken $1.55$1.465.9%
Milk $2.77$2.3617.5%
Potatoes $3.11$3.061.6%
Pizza $7.99$9.2413.6%
Beer $7.92$8.638.3%

Health Care

ItemMonticelloNational avg.Difference
Optometrist $141.25$99.7841.6%
Doctor $109.50$105.034.3%
Dentist $86.60$88.702.4%
Ibuprofen $9.48$9.410.7%
Lipitor $270.45$298.509.4%


ItemMonticelloNational avg.Difference
Home Price $142,000.00$175,700.0019.2%
Avg. Mortgage Payment $912.28$1,081.0315.6%
Apartment Rent $950.00$920.003.3%


ItemMonticelloNational avg.Difference
Gasoline $1.80$2.0913.9%
Tire Balancing $36.98$45.2918.3%


ItemMonticelloNational avg.Difference
All Electricity$138.15$170.8019.1%
Phone $24.01$28.2615.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Plaquemine, LA7,05585-15%
Port Allen, LA5,15086-14%
Baker, LA13,83887-13%
Merrydale, LA9,60188-12%
Brownfields, LA5,56290-10%
Monticello, LA5,43192-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Tyrone, PA5,43389-11%
East Freehold, NJ5,42914545%
Pawcatuck, CT5,42812424%
St. Clair, MI5,42890-10%
Lehighton, PA5,42799-1%
Monticello, LA5,43192-8%
Source: The Monticello, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.