Housing costs in Monticello?
A typical home costs
$129,400, which is 61.7% less expensive than the national average of
$338,100 and 28.8% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Monticello costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 13.5% cheaper than the state average of
$840.
Can I afford Monticello?
To live comfortably in Monticello (zip 71655), Arkansas, a minimum annual income of
$24,840 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Monticello?
The cost of living in 71655 Monticello, AR is relatively low compared to other areas in the United States. The median home price is $87,400, which is about 4% lower than the national average. Additionally, transportation costs tend to be quite low with an average commute time of 18 minutes one way. Groceries and healthcare are both generally lower than the national average as well. Utility costs also tend to be slightly lower than other parts of the country. All these factors make 71655 Monticello, AR a great place for budget-minded individuals and families who want to enjoy a high quality of life without breaking their bank account.