Cost of Living: Eliot, ME vs Monticello, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Eliot | Monticello |
|---|---|---|
| Housing Index | 120.0 | 75.0 |
| Median Home Price | $455,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1800 | $800 |
| Average Rent (2 BR House) | $1840 | $801.6 |
Housing Comparison: Eliot vs Monticello
- In Eliot, the median home price is higher at $455,000, while in Monticello it is $155,000.
- In Monticello, the rental for a two-bedroom apartment stands at $800, while it is $1,800 in Eliot.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Eliot | Monticello |
|---|---|---|
| Electricity Price | $22.26 | $12.36 |
| Natural Gas Price | $21.63 | $17.08 |
| Other Utilities | $250 | $150 |
Utilities Comparison: Eliot vs Monticello
- Electricity costs are higher in Eliot at $22.26 per kWh, compared to $12.36 in Monticello.
- Natural gas is more expensive in Eliot at $21.63 per unit, while it is cheaper at $17.08 in Monticello.
- Other utility costs are higher in Eliot at an average of $250, compared to Monticello with $150.