Bedford, IN vs Monticello, IN

Bedford, IN and Monticello, IN have a very similar cost of living, with only a 0.9% difference in their overall index. Bedford scores 69 while Monticello scores 68 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Bedford is $819/month compared to $860/month in Monticello — a 5% difference. Interestingly, home values tell a different story: while Bedford has cheaper rent, Monticello actually has lower median home values ($122,200 vs $136,900).

Median household income in Bedford is $50,253 compared to $50,138 in Monticello (+0.2%). Bedford does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Bedford spend roughly 19.6% of their income on rent, less than the 20.6% in Monticello.