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.
Health & Safety
Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.
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.
Employment
The combination of low income levels and high unemployment rates contributes to a low score in the employment category, which could make it challenging to secure well-paying jobs.
Located in the state of Indiana, Monticello is a small-sized city with a population of 5,255 residents. At 89%, the majority of the Monticello population is White; this is followed by 0% Black and 0% Asian. If you are not a fan of long commutes, you will enjoy living in Monticello. With an average one way commute time of only 17 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
If you’re considering relocating to any new city, it could be a very discouraging task. However, it could also be a positive experience if you are willing to get to know the town before actually living in Monticello, Indiana. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Finding the best places to live in Monticello and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes education, employment, housing and other important metrics.
Monticello has a livability score of 68/100 and is ranked #148 in Indiana and #7,872 in the USA. If we consider each of the categories on their own, we see that Monticello ranks well for housing (B+). There is at least one category that does not have great scores in Monticello. The following was graded with a disappointing score: amenities (F) and employment (F).
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.
Monticello real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Monticello. Median real estate prices in Monticello come in at $97,700, which is 22.8% lower than the Indiana average. The home price to income ratio compares the median home prices to the median household income. In Monticello, the home price to income ratio is 2.3, which is 8% lower than the Indiana average.
| Statistic | Monticello | Indiana | National |
| Average one way commute | 17min | 23min | 26min |
| Workers who drive to work | 71.1% | 83.0% | 76.4% |
| Workers who carpool | 26.0% | 8.9% | 9.3% |
| Workers who take public transit | 0.0% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 0.0% | 2.1% | 2.8% |
| Working from home | 2.0% | 3.5% | 4.6% |
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