Cost of Living in Monticello, NY

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A-
0%
Overall NAT. AVG.
7%
Groceries NAT. AVG.
21%
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 New York National
Cost of living100121100
Groceries107106100
Health care107110100
Housing79144100
Transportation108113100
Utilities109112100
Lifestyle & Entertainment112111100
Household Items107106100
Education & Childcare112118100
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Homes For Sale In Monticello, NY

property for sale

29 Nelshore Dr

Monticello, NY
property for sale

98 Mongaup Rd

Monticello, NY
property for sale

74 Nelshore Dr

Monticello, NY
property for sale

10 Hanover Dr

Monticello, NY

Cost Of Living Quick Facts

  • The cost of living in Monticello is 17% lower than the New York average
  • The cost of living in Monticello is equal to the national average
  • Monticello housing is 21% lower than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Monticello

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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
      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$115,342$9,612$2,691$3,461
      Renters$54,629$4,552$1,275$1,639
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Monticello, NY, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Monticello, homeowners have a median income of $115,342. Using that number, a maximum of $2,691 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $54,629, which means there is a maximum of $1,275 to be spent on the costs of renting a home or apartment.

      New York Sales Tax

      State General Sales Tax With Max Surtax
      New York 4% 8.875%

      New York Income Tax

      State Income Tax (Low) Income Tax (High)
      New York 4% 10.9%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Liberty, NY4,303964.3%
      Loch Sheldrake, NY1,638964.3%
      Woodridge, NY8451032.7%
      Jeffersonville, NY379973.0%
      Wurtsboro, NY1,0531054.5%
      Monticello, NY6,5691000.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hampstead, MD6,56911111.4%
      Iowa Park, TX6,5688911.4%
      Barrington, NS6,568n/a 
      Stone Mountain, GA6,567954.9%
      Westlock County, AB6,565n/a 
      Monticello, NY6,5691000.3%
      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.
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