Monticello, AR, boasts a cost of living that is notably lower than the nationwide average. Specifically, the overall cost of living index for Monticello stands at 85, which is 15% below the national average of 100. This reduction primarily stems from lower housing costs, which are 25% below the national average. Other areas like groceries, utilities, and healthcare also show Monticello's affordability, making it an attractive place for those looking for a more budget-friendly lifestyle.
Monticello, Arkansas, offers a notably lower cost of living compared to the nationwide average, which is indexed at 100. Housing costs in Monticello stand at 75, reflecting a significant 25% decrease from the national average. This makes housing one of the most affordable components in the city. Additionally, utility costs, while not the lowest, are still relatively reasonable at 88, representing an 12% savings for residents.
In other areas, Monticello also provides competitive pricing. Groceries cost 92, only 8% above the national average, while healthcare services are priced at 90, a modest 10% increase. Transportation costs are at 85, reflecting a 15% reduction compared to the national norm. This balance of lower housing and utility costs, along with competitive prices in other essential categories, makes Monticello an attractive option for those seeking a lower cost of living without significant compromise in quality.
