Cost of Living: Monticello, IL vs Pella, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monticello | Pella |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $230,000 | $304,000 |
| Average Rent (2 BR Apartment) | $950 | $1200 |
| Average Rent (2 BR House) | $960 | $1250 |
Housing Comparison: Monticello vs Pella
- The median home price in Pella is higher at $304,000, compared to $230,000 in Monticello.
- Renting a two-bedroom apartment costs more in Monticello at $950 than in Pella 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 | Pella |
|---|---|---|
| Electricity Price | $16.15 | $14.82 |
| Natural Gas Price | $16.59 | $15.61 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Monticello vs Pella
- Electricity costs are higher in Monticello at $16.15 per kWh, compared to $14.82 in Pella.
- Natural gas is more expensive in Monticello at $16.59 per unit, while it is cheaper at $15.61 in Pella.
- Utility expenses are equal in both Monticello and Pella averaging $200.