Cost of Living: Monticello, AR vs Biloxi, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monticello | Biloxi |
|---|---|---|
| Housing Index | 75.0 | 90.0 |
| Median Home Price | $155,000 | $218,000 |
| Average Rent (2 BR Apartment) | $800 | $1200 |
| Average Rent (2 BR House) | $801.6 | $1300 |
Housing Comparison: Monticello vs Biloxi
- The median home price in Biloxi is higher at $218,000, compared to $155,000 in Monticello.
- Renting a two-bedroom apartment costs more in Monticello at $800 than in Biloxi at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monticello | Biloxi |
|---|---|---|
| Electricity Price | $12.36 | $13.42 |
| Natural Gas Price | $17.08 | $22.19 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Monticello vs Biloxi
- Biloxi has higher electricity costs at $13.42 per kWh, versus $12.36 in Monticello.
- Biloxi experiences higher natural gas costs at $22.19 per unit, with costs at $17.08 in Monticello.
- Biloxi has higher utility expenses, averaging $250, while Monticello averages $150.