Cost of Living: Monticello, IL vs Springdale, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monticello | Springdale |
|---|---|---|
| Housing Index | 85.0 | 89.0 |
| Median Home Price | $230,000 | $275,000 |
| Average Rent (2 BR Apartment) | $950 | $1100 |
| Average Rent (2 BR House) | $960 | $1125 |
Housing Comparison: Monticello vs Springdale
- The median home price in Springdale is higher at $275,000, compared to $230,000 in Monticello.
- Renting a two-bedroom apartment costs more in Monticello at $950 than in Springdale at $1,100.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monticello | Springdale |
|---|---|---|
| Electricity Price | $16.15 | $12.36 |
| Natural Gas Price | $16.59 | $17.08 |
| Other Utilities | $200 | $220 |
Utilities Comparison: Monticello vs Springdale
- Electricity costs are higher in Monticello at $16.15 per kWh, compared to $12.36 in Springdale.
- Springdale experiences higher natural gas costs at $17.08 per unit, with costs at $16.59 in Monticello.
- Springdale has higher utility expenses, averaging $220, while Monticello averages $200.