Monticello, WI vs Waldo, WI

Monticello, WI and Waldo, WI have a very similar cost of living, with only a 2.4% difference in their overall index. Monticello scores 75 while Waldo scores 77 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 $822/month compared to $950/month in Waldo — a 14% difference. Interestingly, home values tell a different story: while Monticello has cheaper rent, Waldo actually has lower median home values ($196,600 vs $200,000).

Median household income in Monticello is $70,625 compared to $69,583 in Waldo (+1.5%). Monticello 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 14% of their income on rent, less than the 16.4% in Waldo.