Lebanon Junction, KY vs Monticello, KY

Monticello is moderately more affordable than Lebanon Junction, with a 7.8% lower cost of living index. Lebanon Junction scores 68 compared to 63 for Monticello, where the US average is 100. This difference means residents of Lebanon Junction can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lebanon Junction is $801/month compared to $679/month in Monticello — a 18% difference. Home values follow the same pattern: Monticello is more affordable at $125,800 median vs $134,700.

Median household income in Lebanon Junction is $52,000 compared to $37,733 in Monticello (+37.8%). While Lebanon Junction is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lebanon Junction spend roughly 18.5% of their income on rent, less than the 21.6% in Monticello.