Cost of Living in Monticello, MN
Overall index: 94 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 86 | -14% | $1,023 |
| Transportation | 97 | -3% | $3.50 |
| Food | 109 | +9% | $447 |
| Utilities | 93 | -7% | $155 |
| Healthcare | 93 | -7% | $112 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Monticello?
A single adult living comfortably in Monticello, MN needs approximately $32,900 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Monticello, MN?
The overall cost of living in Monticello, MN is 6% lower than the US national average (index: 94 where 100 = national average).
How much is rent in Monticello, MN?
Average rent for a 1-bedroom apartment in Monticello, MN is about $1,023/month.
Is Monticello, MN expensive to live in?
Costs in Monticello, MN are roughly in line with the national average.
What salary do I need to live in Monticello, MN?
A single adult needs roughly $32,900/year to cover basic living costs in Monticello, MN.