Monticello, AR Cost of Living


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United States / Arkansas / No Metro Area / Drew County / Monticello / Zip Codes
How much do I need to live in Monticello, Arkansas?
$2,250 / month
for a family, 58.3% less expensive than the national average A total of $27,000 for the year for a family.
$1,867 / month
for a single person, 60.8% less expensive than the national average A total of $22,400 for the year for a single person.

Monticello cost of living score
70.6
Less expensive
29.4% lower
than the US average
8.9% lower
than the Arkansas average
Monticello, Arkansas gets a BestPlaces Cost of Living score of 70.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.4% lower than the U.S. average and 8.9% higher than the average for Arkansas.

Monticello, AR

Housing costs in Monticello?
A typical home costs $140,000, which is 58.6% less expensive than the national average of $338,100 and 23.0% less expensive than the average Arkansas home, at $181,800. Renting a two-bedroom unit in Monticello costs $730 per month, which is 49.0% cheaper than the national average of $1,430 and 15.1% cheaper than the state average of $840.

Can I afford Monticello?
To live comfortably in Monticello, Arkansas, a minimum annual income of $27,000 for a family, and $22,400 for a single person is recommended.

What does A.I. say about Monticello?
The cost of living in Monticello, AR is quite reasonable. The median home value in the city stands at around $90,000, which represents a good value for those looking to buy a house. The median household income is also quite affordable with an average of around $35,500 per year. With low housing costs and sufficient income levels, Monticello proves to be an excellent place to call home without breaking the bank. Other expenses such as food and transportation also remain affordable compared to other cities in the region.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMonticelloArkansasUnited States
    Unlock77.5100.0
  92.9  Unlock100.0
    Unlock92.1100.0
  37.9  Unlock100.0
    Unlock$181,800$338,100
  94.1  Unlock100.0
    Unlock81.6100.0
  76.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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