Monticello, AR, offers a lower cost of living compared to the nationwide average. The overall cost of living index in Monticello stands at 87, which is 13% lower than the national average of 100. This makes Monticello an attractive option for those seeking to reduce their living expenses.
Specifically, housing costs in Monticello are notably lower, with an index of 70, representing a 30% reduction from the national average. Other categories like groceries, utilities, transportation, healthcare, and miscellaneous expenses also show Monticello's affordability, with indices ranging from 85 to 97. This comprehensive data highlights Monticello's potential as a cost-effective place to live.
Monticello, AR, offers a cost of living that is notably lower than the nationwide average. The housing index stands at 70, which means it costs 30% less than the average place in the country. This makes housing in Monticello a very attractive option for those looking to save on living expenses. Additionally, the groceries index is 92, which means it costs 8% less than the national average. This slight reduction can add up over time, making it easier to manage a budget.
Utilities in Monticello are priced at 85 on the cost of living index, which is 15% less than the nationwide average. This reduction can help ease the financial burden on residents. The transportation index is 97, meaning it costs 3% less than the national average. This small difference can be beneficial for those who rely on personal vehicles. Healthcare costs in Monticello are 90, which is 10% less than the average. This can be a significant advantage for families and individuals looking to manage healthcare expenses. Overall, Monticello provides a cost-effective living environment with several areas below the national average.
