States › Arkansas › Monticello

Is Monticello, AR expensive to live in?

ExpensiveRent takes 35 cents of every $1 people earn here.
🏠 Rent per month (2026)$85651% lower than U.S. average
💵 Families earn per year (2026)$29,376about $2,448/month · 66% lower than U.S. average
🔑 House price$137,50059% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 4.7 years of household income. Commutes are short, about 16.3 minutes.

How much money do I need?

To rent here comfortably, you should earn about $34,240 a year. That is $16 an hour at a full-time job.

Is rent cheaper than other Arkansas cities?

Yes. Rent here is cheaper than in most of Arkansas. It is number 20 of 71 cities from cheapest to most expensive.

Monticello
$856
Wynne
$788
Pea Ridge
$1,913
Newport
$566
Stuttgart
$792
Hope
$707
Beebe
$992

How much do households earn in Monticello?

Under $25k
43.7%
$25k–50k
15.0%
$50k–100k
17.5%
$100k–150k
7.8%
$150k+
4.5%

Share of households by yearly income. 12.4% of households earn $100,000 or more.

Rent by apartment size in Monticello

SizeMonticelloU.S. average
2 bedrooms$763$1,509
3 bedrooms$1,043$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Monticello overall?

Everyday prices in Arkansas overall are 13% below the U.S. average (index 86.9, U.S. = 100).

Housing
58
Goods (food, clothes…)
94
Utilities
75
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Monticello, so the Arkansas figure is shown.

Taxes and bills in Monticello

🏛️ Property tax$627a year · 0.46% of home value · U.S. $3,119
⚡ Electric bill$147a month (typical) · U.S. $156

Life in Monticello

Commute to work16.3 minU.S.: 26.4 min
College degree31.1%U.S.: 35.7%
Own their home46%U.S.: 65.2%
Below poverty line30.1%U.S.: 12.5%
Unemployment9.6%U.S.: 5.2%

Is it cheaper to rent or buy in Monticello?

Renting is cheaper right now: about $98 a month less.

Renting
$856
Owning
$954

Owning assumes a typical $137,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,750 for the down payment.

Frequently asked questions

What is the average rent in Monticello, AR?

Renting in Monticello costs a median of about $856 a month in 2026, including utilities. The Arkansas median is $1,068.

How much do I need to make to live in Monticello?

To keep rent under 30% of income, you need about $34,240 a year, or $16 an hour at a full-time job.

Is Monticello cheap or expensive?

Monticello is rated Expensive: rent takes 35.0% of the typical household income of $29,376. It ranks 20th cheapest of 71 Arkansas cities we track.

How much are property taxes in Monticello?

The median homeowner in Monticello pays $627 a year in property taxes, about 0.46% of the median home value.

Is Monticello more expensive than the national average?

Overall prices in Arkansas are 13% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Monticello?

The median home value in Monticello is $137,500, about 4.7 times the typical yearly household income.

8,257 people live in Monticello. Numbers are typical (middle) values.