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.
IndexMonticelloMississippiNational
Cost of living index7981100
IndexMonticelloMississippiNational
Goods & Services index8587100
Groceries index9893100
Health care index8992100
Housing index5463100
Transportation index8892100
Utilities index9486100

Did you know?

  • The cost of living in Monticello is 3% lower than the Mississippi average.
  • The cost of living in Monticello is 21% lower than the national average.
  • The cost of housing in Monticello is 46% lower than the national average.
  • Mississippi general sales tax is 37% higher than the national average.
  • Mississippi state income tax is 35% higher than the national average.

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Compare Monticello, MS Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$39,265$3,272$916$1,178
Renters$14,596$1,216$341$438

Mississippi Sales Tax

StateGeneral Sales TaxWith Max Surtax
Mississippi7%7.25%

Mississippi Income Tax

StateIncome Tax (Low)Income Tax (High)
Mississippi3%5%

Goods & Services

ItemMonticelloNational avg.Difference
Haircut $13.33$14.598.7%
Beauty Salon $29.40$34.6815.2%
Toothpaste $1.92$2.4722.4%
Shampoo $0.94$1.028.0%
Movie $9.50$9.873.7%
Bowling $4.50$4.392.5%

Groceries

ItemMonticelloNational avg.Difference
Ground Beef $4.43$4.481.0%
Fried Chicken $1.27$1.4613.3%
Milk $2.69$2.3614.1%
Potatoes $3.38$3.0610.4%
Pizza $8.00$9.2413.4%
Beer $7.94$8.638.0%

Health Care

ItemMonticelloNational avg.Difference
Optometrist $76.60$99.7823.2%
Doctor $87.00$105.0317.2%
Dentist $77.75$88.7012.3%
Ibuprofen $10.13$9.417.6%
Lipitor $281.13$298.505.8%

Housing

ItemMonticelloNational avg.Difference
Home Price $94,500.00$175,700.0046.2%
Avg. Mortgage Payment $788.45$1,081.0327.1%
Apartment Rent $493.00$920.0046.4%

Transportation

ItemMonticelloNational avg.Difference
Gasoline $1.75$2.0916.5%
Tire Balancing $45.33$45.290.1%

Utilities

ItemMonticelloNational avg.Difference
All Electricity$144.91$170.8015.2%
Phone $29.99$28.266.1%
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.
Silver Creek, MS22372-28%
New Hebron, MS58679-21%
Prentiss, MS1,09980-20%
Monticello, MS1,62779-21%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Glen Dale, WV1,62797-3%
Great Falls, SC1,62783-17%
King, WI1,62692-8%
Cresson, PA1,62688-12%
Palo Cedro, CA1,62614444%
Monticello, MS1,62779-21%
Source: The Monticello, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.