Monticello, KY vs Raceland, KY

Monticello, KY and Raceland, KY have a very similar cost of living, with only a 3.1% difference in their overall index. Monticello scores 63 while Raceland scores 65 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Monticello is $679/month compared to $809/month in Raceland — a 16% difference. Interestingly, home values tell a different story: while Monticello has cheaper rent, Raceland actually has lower median home values ($117,800 vs $125,800).

Median household income in Monticello is $37,733 compared to $61,923 in Raceland (-39.1%). While Raceland 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 15.7% in Raceland.