Cost of living in Monticello
Monticello, located in Arkansas, offers a unique blend of small-town charm and modern amenities. Understanding the cost of living in Monticello is crucial for both current residents and those considering a move to this city.
This guide provides a detailed breakdown of expenses in Monticello, including housing, dining, transportation, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $19 on average, with a range between $10 and $25.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $70, with prices ranging from $60 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $9 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $8, imported beer $6 to $10, cappuccino $3.5 to $8, and Coke/Pepsi $1.89 to $4.
Grocery Prices
- Milk - Milk is priced between $0.76 and $1.14 per liter, averaging $0.91.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.17 and $4.41, with an average price of $1.17.
- Eggs (Dozen) - A dozen eggs range from $1.87 to $6, averaging $3.5.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.18 to $11.02 per kg, while oranges range from $2.18 to $11.02 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $8.77 per kg, and lettuce costs $1.33 to $2.99 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.72 and $0.97 per liter.
- Taxi Fares - Taxi fares start at $2, with a cost of $1.37 per km and $20 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $27,000 and $36,916.9, while a Toyota Corolla is priced around $27,344.38.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $800.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $178.95 and $500, averaging $226.54.
- Internet - Internet services range from $45 to $266, with an average cost of $45.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Monticello offers a relatively affordable cost of living compared to larger cities, with moderate prices for dining and groceries.
Housing costs are reasonable, especially for those looking to rent in the city centre.
Transportation costs are manageable, with affordable fuel prices and taxi fares.
Conclusion
In conclusion, Monticello, AR, presents a balanced cost of living that is attractive for individuals and families alike.
With affordable housing, reasonable dining options, and manageable transportation costs, Monticello is a viable option for those seeking a cost-effective lifestyle.