Monticello, IN vs New Haven, IN

Monticello is moderately more affordable than New Haven, with a 6.1% lower cost of living index. Monticello scores 68 compared to 73 for New Haven, where the US average is 100. This difference means residents of New Haven can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Monticello is $860/month compared to $947/month in New Haven — a 9% difference. Home values follow the same pattern: Monticello is more affordable at $122,200 median vs $151,200.

Median household income in Monticello is $50,138 compared to $67,121 in New Haven (-25.3%). While New Haven 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 20.6% of their income on rent, more than the 16.9% in New Haven.