Cost Of Living in Monticello, MS

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18%

Overall NAT. AVG.

4%

Groceries NAT. AVG.

46%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Monticello	Mississippi	National
Cost of living	82	86	100
Groceries	96	97	100
Health care	93	95	100
Housing	54	63	100
Transportation	96	94	100
Utilities	96	98	100
Lifestyle & Entertainment	94	94	100
Household Items	94	96	100
Education & Childcare	93	94	100

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Homes For Sale In Monticello, MS

1873 F E Sellers Hwy

Monticello, MS

1124 Smith Ln

Monticello, MS

93 Hammond Rd

Monticello, MS

370 Roan Ready Rd

Monticello, MS

Cost Of Living Quick Facts

The cost of living in Monticello is 4% lower than the Mississippi average
The cost of living in Monticello is 18% lower than the national average
Monticello housing is 46% lower than the national average
Mississippi general sales tax is 37% higher than the national average
Mississippi state income tax is 93% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$54,212	$4,518	$1,265	$1,627
Renters	$24,472	$2,039	$571	$734

Mississippi Sales Tax

State	General Sales Tax	With Max Surtax
Mississippi	7%	7.25%

Mississippi Income Tax

State	Income Tax (Low)	Income Tax (High)
Mississippi	5%	5%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Silver Creek, MS	181	79	21.4%
Prentiss, MS	1,239	82	18.2%
New Hebron, MS	676	85	15.4%
Monticello, MS	1,436	82	17.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Springfield, CO	1,436	90	10.4%
Van Meter, IA	1,436	97	2.9%
Princeton, NC	1,436	88	11.7%
Lincolndale, NY	1,436	146	46.5%
Valley Mills, TX	1,436	89	11.0%
Monticello, MS	1,436	82	17.6%

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

Cost of Living in Monticello, MS

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Cost Of Living Quick Facts

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Median Income & Debt-To-Income Ratio

Mississippi Sales Tax

Mississippi Income Tax

Nearby cities with low cost of living

Cities with similar population