Monticello, MS vs Water Valley, MS

Monticello is moderately more affordable than Water Valley, with a 9.8% lower cost of living index. Monticello scores 53 compared to 59 for Water Valley, where the US average is 100. This difference means residents of Water Valley can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Monticello is $394/month compared to $592/month in Water Valley — a 33% difference. Interestingly, home values tell a different story: while Monticello has cheaper rent, Water Valley actually has lower median home values ($111,000 vs $114,200).

Median household income in Monticello is $28,920 compared to $47,167 in Water Valley (-38.7%). While Water Valley 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 16.3% of their income on rent, more than the 15.1% in Water Valley.

Climate-wise, Monticello is notably warmer with an average of 66.2°F compared to 59.6°F in Water Valley. Monticello receives more rainfall at 60.6" per year compared to 55.5" in Water Valley.