Monticello, KY vs Newport, KY

There is a significant gap in the cost of living between these two cities. Monticello is 22.4% cheaper than Newport. With a cost index of 63 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Monticello to Newport should plan for substantially higher expenses across most categories.

On the housing front, median rent in Monticello is $679/month compared to $994/month in Newport — a 32% difference. Home values follow the same pattern: Monticello is more affordable at $125,800 median vs $221,100.

Median household income in Monticello is $37,733 compared to $58,422 in Newport (-35.4%). While Newport 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 21.6% of their income on rent, more than the 20.4% in Newport.