Cost of Living: Monticello, AR vs Wyoming, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monticello | Wyoming |
|---|---|---|
| Housing Index | 75.0 | 110.0 |
| Median Home Price | $155,000 | $191,000 |
| Average Rent (2 BR Apartment) | $800 | $1400 |
| Average Rent (2 BR House) | $801.6 | $1450 |
Housing Comparison: Monticello vs Wyoming
- The median home price in Wyoming is higher at $191,000, compared to $155,000 in Monticello.
- Renting a two-bedroom apartment costs more in Monticello at $800 than in Wyoming at $1,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monticello | Wyoming |
|---|---|---|
| Electricity Price | $12.36 | $19.88 |
| Natural Gas Price | $17.08 | $15.42 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Monticello vs Wyoming
- Wyoming 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 $15.42 in Wyoming.
- Wyoming has higher utility expenses, averaging $250, while Monticello averages $150.