Cost of Living: Monticello, AR vs Harrison, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monticello | Harrison |
|---|---|---|
| Housing Index | 75.0 | 125.4 |
| Median Home Price | $155,000 | $420,000 |
| Average Rent (2 BR Apartment) | $800 | $2400 |
| Average Rent (2 BR House) | $801.6 | $2457 |
Housing Comparison: Monticello vs Harrison
- The median home price in Harrison is higher at $420,000, compared to $155,000 in Monticello.
- Renting a two-bedroom apartment costs more in Monticello at $800 than in Harrison at $2,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monticello | Harrison |
|---|---|---|
| Electricity Price | $12.36 | $19.88 |
| Natural Gas Price | $17.08 | $14.01 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Monticello vs Harrison
- Harrison has higher electricity costs at $19.88 per kWh, versus $12.36 in Monticello.
- Natural gas is more expensive in Monticello at $17.08 per unit, while it is cheaper at $14.01 in Harrison.
- Harrison has higher utility expenses, averaging $250, while Monticello averages $150.