Monticello, MO vs New Franklin, MO

New Franklin is moderately more affordable than Monticello, with a 11.3% lower cost of living index. Monticello scores 68 compared to 61 for New Franklin, 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 $917/month compared to $680/month in New Franklin — a 35% difference. Interestingly, home values tell a different story: while New Franklin has cheaper rent, Monticello actually has lower median home values ($104,700 vs $117,700).

Median household income in Monticello is $102,750 compared to $53,056 in New Franklin (+93.7%). 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 10.7% of their income on rent, less than the 15.4% in New Franklin.