Monticello, AR, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index is 87, which is 13% less than the national average of 100. This makes Monticello an attractive option for those seeking more affordable living conditions without sacrificing essential services and amenities.
Housing costs in Monticello stand at 75, which is 25% below the national average. This significant difference highlights the potential for savings in one of the most critical areas of personal expenditure. Other categories, such as groceries, utilities, and healthcare, also show Monticello's cost of living to be competitive, with indices of 90, 95, and 92, respectively.
Monticello, AR, offers a cost of living that is notably lower than the nationwide average, which is set at 100. The housing index in Monticello stands at 75, indicating that housing costs are 25% less than the national average. This makes it an attractive option for individuals and families looking to save on housing expenses without sacrificing quality.
In addition to housing, other cost categories in Monticello also show favorable comparisons. For instance, groceries cost 90, which is 10% below the average. Utilities are priced at 95, just 5% above the national average. Transportation costs are at 85, meaning they are 15% lower. Healthcare costs are slightly above average at 92, which is only 8% higher. Miscellaneous expenses, like entertainment and personal care, are at 88, which is 12% below the average. Overall, Monticello provides a cost-effective living environment for many essential expenses.
