Cost of Living: Wilmington, NC vs Monticello, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Wilmington | Monticello |
|---|---|---|
| Housing Index | 110.0 | 75.0 |
| Median Home Price | $320,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1500 | $800 |
| Average Rent (2 BR House) | $1600 | $801.6 |
Housing Comparison: Wilmington vs Monticello
- In Wilmington, the median home price is higher at $320,000, while in Monticello it is $155,000.
- In Monticello, the rental for a two-bedroom apartment stands at $800, while it is $1,500 in Wilmington.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Wilmington | Monticello |
|---|---|---|
| Electricity Price | $13.72 | $12.36 |
| Natural Gas Price | $Data is updating | $17.08 |
| Other Utilities | $250 | $150 |
Utilities Comparison: Wilmington vs Monticello
- Electricity costs are higher in Wilmington at $13.72 per kWh, compared to $12.36 in Monticello.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Wilmington at an average of $250, compared to Monticello with $150.