Cost of Living: Monticello, AR vs Monterey, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monticello | Monterey |
|---|---|---|
| Housing Index | 75.0 | 95.0 |
| Median Home Price | $155,000 | $202,500 |
| Average Rent (2 BR Apartment) | $800 | $1200 |
| Average Rent (2 BR House) | $801.6 | $1246 |
Housing Comparison: Monticello vs Monterey
- The median home price in Monterey is higher at $202,500, compared to $155,000 in Monticello.
- Renting a two-bedroom apartment costs more in Monticello at $800 than in Monterey 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 | Monterey |
|---|---|---|
| Electricity Price | $12.36 | $15.31 |
| Natural Gas Price | $17.08 | $19.91 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Monticello vs Monterey
- Monterey has higher electricity costs at $15.31 per kWh, versus $12.36 in Monticello.
- Monterey experiences higher natural gas costs at $19.91 per unit, with costs at $17.08 in Monticello.
- Monterey has higher utility expenses, averaging $250, while Monticello averages $150.