Jeffersonville, KY vs Monticello, KY

Jeffersonville, KY and Monticello, KY have a very similar cost of living, with only a 3.8% difference in their overall index. Jeffersonville scores 65 while Monticello scores 63 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 Jeffersonville is $779/month compared to $679/month in Monticello — a 15% difference. Interestingly, home values tell a different story: while Monticello has cheaper rent, Jeffersonville actually has lower median home values ($114,900 vs $125,800).

Median household income in Jeffersonville is $56,932 compared to $37,733 in Monticello (+50.9%). While Jeffersonville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Jeffersonville spend roughly 16.4% of their income on rent, less than the 21.6% in Monticello.