Monticello, FL vs Waldo, FL

Waldo is moderately more affordable than Monticello, with a 6.9% lower cost of living index. Monticello scores 73 compared to 69 for Waldo, where the US average is 100. This difference means residents of Monticello can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Monticello is $797/month compared to $838/month in Waldo — a 5% difference. Interestingly, home values tell a different story: while Monticello has cheaper rent, Waldo actually has lower median home values ($112,200 vs $192,500).

Median household income in Monticello is $44,920 compared to $27,036 in Waldo (+66.1%). While Monticello is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Monticello spend roughly 21.3% of their income on rent, less than the 37.2% in Waldo. The Monticello ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (68.5°F vs 69.3°F). Monticello receives more rainfall at 58.8" per year compared to 48.3" in Waldo.