Monmouth, IL Cost Of Living
Cost Of Living In Monmouth, IL Summary
Cost of living in Monmouth research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Monmouth is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Monmouth is 80, with 100 being the average.
The cost of living index in Monmouth is 0.8x lower than the national average.
Monmouth ranks as the #14 cheapest in Illinois out of 338.
Monmouth ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Monmouth is $77,800.
The median income in Monmouth is $54,400.
Table Of Contents
Monmouth's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Monmouth, IL?
According to the most recent data on the cost of living, Monmouth has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Illinois, Monmouth has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Monmouth ranks as #14 most affordable out of the 338 places we measured in Illinois. By definition, that implies Monmouth ranks as the #324 most expensive place in the Prairie State.
For more reading on life in Monmouth, check out:
- Living In Monmouth
- Monmouth Crime Report
- Search Homes For Sale In Monmouth, IL
In Illinois
In America
Monmouth Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Monmouth. Here is how it fairs on each of the criteria:
The Services index in Monmouth is 90.
The Groceries index in Monmouth is 93.
The Health index in Monmouth is 101.
The Housing index in Monmouth is 46.
The Transportation index in Monmouth is 96.
The Utilities index in Monmouth is 112.
| Living Expense | Monmouth | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 80 | 92 | 100 | |
| Services | 90 | 95 | 100 | |
| Groceries | 93 | 98 | 100 | |
| Health | 101 | 96 | 100 | |
| Housing | 46 | 81 | 100 | |
| Transportation | 96 | 105 | 100 | |
| Utilities | 112 | 90 | 100 | |
Monmouth, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Monmouth is $77,800.
The Median Rent in Monmouth is $596.
The Median Income in Monmouth is $54,400.
The Home Value To Income in Monmouth is 1.4x.
The Rent To Monthly Income in Monmouth is 0.13x.
| Statistic | Monmouth | Illinois | United States |
|---|---|---|---|
| Median Home Value | $77,800 | $212,600 | $244,900 |
| Median Rent | $596 | $1,097 | $1,163 |
| Median Income | $54,400 | $72,563 | $69,021 |
| Home Value To Income | 1.4x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Monmouth, IL Costs By Category
Detailed Monmouth Services Costs Vs. Illinois
Detailed Monmouth Groceries Costs Vs. Illinois
Detailed Monmouth Health Costs Vs. Illinois
Detailed Monmouth Transportation Costs Vs. Illinois
Detailed Monmouth Utilities Costs Vs. Illinois
Monmouth SnackAbility
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Cost Of Living In Cities Around Monmouth
The cost of living varies in the cities and towns around Monmouth. Here's a quick look at the cost of living in the most populous nearby places:
Moline, IL has a cost of living index of 90, 1.1x Monmouth.
Bettendorf, IA has a cost of living index of 97, 1.2x Monmouth.
Rock Island, IL has a cost of living index of 85, 1.1x Monmouth.
| City | Population | Cost Of Living | Vs. Monmouth |
|---|---|---|---|
| Moline, IL | 42,660 | 90 | 1.1x |
| Bettendorf, IA | 38,631 | 97 | 1.2x |
| Rock Island, IL | 37,519 | 85 | 1.1x |
| Galesburg, IL | 30,298 | 81 | 1.0x |
| East Moline, IL | 21,181 | 88 | 1.1x |
| Macomb, IL | 15,681 | 84 | 1.1x |
| Kewanee, IL | 12,485 | 79 | 1.0x |
| Silvis, IL | 7,942 | 87 | 1.1x |
| Geneseo, IL | 6,774 | 89 | 1.1x |
| Colona, IL | 5,339 | 87 | 1.1x |
