Monticello, KY vs Owingsville, KY

Owingsville is moderately more affordable than Monticello, with a 13% lower cost of living index. Monticello scores 63 compared to 56 for Owingsville, 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 $679/month compared to $529/month in Owingsville — a 28% difference. Home values follow the same pattern: Owingsville is more affordable at $92,700 median vs $125,800.

Median household income in Monticello is $37,733 compared to $40,150 in Owingsville (-6%). Owingsville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Monticello spend roughly 21.6% of their income on rent, more than the 15.8% in Owingsville.