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.