Cost of Living in Monticello, MS
Housing
The housing market plays a significant role in determining the cost of living in Monticello, MS.
- Housing Index: 86 / 100
- Median Home Price is: $133,000
- Average Rent (2 BR Apartment): $1309 per month
- Average Rent (2 BR House): $1423 per month
Considering a move to Monticello, MS? The current housing index of 86 indicates minimal housing market trends, which may present both opportunities and risks. The median home price is set at 133000, making it potentially more affordable than many areas. However, the absence of data for average rent on a 2BR apartment and house suggests limited availability or extreme variability. It's crucial to assess local job prospects, amenities, and the overall economic environment before deciding. Cities with lower home prices often attract growth potential but may also have fewer resources and employment options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monticello, MS.
- Electricity Price: $13.42 USD (median by state)
- Natural Gas Price: $22.19 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $207 per month
Living in Monticello, MS could entail higher utility costs. Electricity costs sit at $13.42, while natural gas is priced at $22.19 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $207 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Monticello is a financially viable option for your relocation.