Cost of Living: Miami, FL vs Monticello, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Miami | Monticello |
|---|---|---|
| Housing Index | 140.5 | 75.0 |
| Median Home Price | $397,000 | $155,000 |
| Average Rent (2 BR Apartment) | $2800 | $800 |
| Average Rent (2 BR House) | $2880 | $801.6 |
Housing Comparison: Miami vs Monticello
- In Miami, the median home price is higher at $397,000, while in Monticello it is $155,000.
- In Monticello, the rental for a two-bedroom apartment stands at $800, while it is $2,800 in Miami.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Miami | Monticello |
|---|---|---|
| Electricity Price | $13.89 | $12.36 |
| Natural Gas Price | $26.13 | $17.08 |
| Other Utilities | $250 | $150 |
Utilities Comparison: Miami vs Monticello
- Electricity costs are higher in Miami at $13.89 per kWh, compared to $12.36 in Monticello.
- Natural gas is more expensive in Miami at $26.13 per unit, while it is cheaper at $17.08 in Monticello.
- Other utility costs are higher in Miami at an average of $250, compared to Monticello with $150.