Cost of Living: Monticello, AR vs Mansfield, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monticello | Mansfield |
|---|---|---|
| Housing Index | 75.0 | 115.0 |
| Median Home Price | $155,000 | $399,900 |
| Average Rent (2 BR Apartment) | $800 | $1800 |
| Average Rent (2 BR House) | $801.6 | $1845 |
Housing Comparison: Monticello vs Mansfield
- The median home price in Mansfield is higher at $399,900, compared to $155,000 in Monticello.
- Renting a two-bedroom apartment costs more in Monticello at $800 than in Mansfield at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monticello | Mansfield |
|---|---|---|
| Electricity Price | $12.36 | $14.47 |
| Natural Gas Price | $17.08 | $26.29 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Monticello vs Mansfield
- Mansfield has higher electricity costs at $14.47 per kWh, versus $12.36 in Monticello.
- Mansfield experiences higher natural gas costs at $26.29 per unit, with costs at $17.08 in Monticello.
- Mansfield has higher utility expenses, averaging $250, while Monticello averages $150.