Edgewood, IN vs Monticello, IN

There is a significant gap in the cost of living between these two cities. Monticello is 27.3% cheaper than Edgewood. With a cost index of 68 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Monticello to Edgewood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Edgewood is $1,296/month compared to $860/month in Monticello — a 51% difference. Home values follow the same pattern: Monticello is more affordable at $122,200 median vs $173,800.

Median household income in Edgewood is $85,842 compared to $50,138 in Monticello (+71.2%). While Edgewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Edgewood spend roughly 18.1% of their income on rent, less than the 20.6% in Monticello.