salaryRent is lower than in 75% of U.S. cities. A typical house costs about 3.2 years of household income. Most households rent (80%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $48,720 a year. That is $23 an hour at a full-time job.
Is rent cheaper than other New York cities?
Yes. Rent here is cheaper than in most of New York. It is number 38 of 343 cities from cheapest to most expensive.
How much do households earn in Monticello?
Share of households by yearly income. 11.3% of households earn $100,000 or more.
Rent by apartment size in Monticello
| Size | Monticello | U.S. average |
|---|---|---|
| Studio | $964 | $1,338 |
| 1 bedroom | $854 | $1,324 |
| 2 bedrooms | $1,464 | $1,509 |
| 3 bedrooms | $1,962 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Monticello overall?
Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Monticello, so the New York figure is shown.
Taxes and bills in Monticello
Life in Monticello
Is it cheaper to rent or buy in Monticello?
About the same. Renting and owning cost within $25 of each other each month.
Owning assumes a typical $172,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,200 for the down payment.
Frequently asked questions
What is the average rent in Monticello, NY?
Renting in Monticello costs a median of about $1,218 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Monticello?
To keep rent under 30% of income, you need about $48,720 a year, or $23 an hour at a full-time job.
Is Monticello cheap or expensive?
Monticello is rated OK: rent takes 26.8% of the typical household income of $54,554. It ranks 38th cheapest of 343 New York cities we track.
How much are property taxes in Monticello?
The median homeowner in Monticello pays $4,858 a year in property taxes, about 2.82% of the median home value.
Is Monticello more expensive than the national average?
Overall prices in New York are 8% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Monticello?
The median home value in Monticello is $172,000, about 3.2 times the typical yearly household income.
7,279 people live in Monticello. Numbers are typical (middle) values.