Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Health & Safety
Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.
Monticello, Louisiana is a small city with a population of 5,089 people. According to Census, the majority (90%) of Monticello residents identify as Black or African American followed by 8% White and 0% Asian. All the single ladies and all the single fellas might want to take notice as only 41% of the Monticello population is married.
Without the right tools, relocating to any new town can be very stressful and challenging. Living in Monticello, Louisiana could be a good experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Using the livability score which includes data from categories like crime, cost of living, health & safety, education, you can easily compare the best places to live in Monticello and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Monticello to Louisiana and the national average.
The livability score in Monticello is 61 out of 100 and the city is ranked in the 41st percentile of all cities across America. If we examine each of the categories individually, we see that Monticello ranks well for cost of living (A), employment (B-) and housing (A+). Monticello does not fare well for the following: amenities (F) and crime (D-). It might be a smart idea to take a closer look at each category to find out why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Monticello, the unemployment rate stands at 2.2%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
Finding affordable real estate and housing in Monticello can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Assuming that Monticello meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Monticello. Everything else becomes a lot less important if it turns out that home prices in Monticello are simply unattainable. The median home price for Monticello homes is $280,936, which is 4.8% higher than the Louisiana average. If we take a closer look at the affordability of homes in Monticello, we’ll see that the home price to income ratio is 3.1, which is 22.5% lower than the Louisiana average.
| Statistic | Monticello | Louisiana | National |
| Average one way commute | 22min | 25min | 26min |
| Workers who drive to work | 93.6% | 82.6% | 76.4% |
| Workers who carpool | 5.7% | 9.6% | 9.3% |
| Workers who take public transit | 0.1% | 1.3% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 0.0% | 1.8% | 2.8% |
| Working from home | 0.4% | 2.6% | 4.6% |
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