Monticello, AR Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Monticello, AR Summary

Cost of living in Monticello research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Monticello is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Arkansas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Monticello is 81, with 100 being the average.

  • The cost of living index in Monticello is 0.8x lower than the national average.

  • Monticello ranks as the #18 cheapest in Arkansas out of 65.

  • Monticello ranks as the #290 cheapest out of 6,412 in the US.

  • The median home value in Monticello is $107,900.

  • The median income in Monticello is $33,604.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
81
Monticello's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Monticello, AR?

According to the most recent data on the cost of living, Monticello has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.

Compared to Arkansas, Monticello has a cost of living index that's 0.9x lower than Arkansas's index of 90.

The standard of living in Monticello ranks as #18 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Monticello ranks as the #47 most expensive place in the Natural State.

For more reading on life in Monticello, check out:

18 out of 65
In Arkansas
290 out of 6,412
In America

Monticello Cost Of Living Vs. Arkansas

Six factors go into calculating the cost of living index in Monticello. Here is how it fairs on each of the criteria:

  • The Services index in Monticello is 93.

  • The Groceries index in Monticello is 93.

  • The Health index in Monticello is 96.

  • The Housing index in Monticello is 58.

  • The Transportation index in Monticello is 87.

  • The Utilities index in Monticello is 81.

Living Expense Monticello Arkansas National Average
Overall 81 90 100
Services 93 98 100
Groceries 93 94 100
Health 96 85 100
Housing 58 76 100
Transportation 87 90 100
Utilities 81 95 100
For more reading on cost of living around Arkansas, check out:
Monticello Cost of Living Vs. AR

Monticello, AR Housing Cost Breakdown

Housing swings affordability the most between places in Arkansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Monticello is $107,900.

  • The Median Rent in Monticello is $711.

  • The Median Income in Monticello is $33,604.

  • The Home Value To Income in Monticello is 3.2x.

  • The Rent To Monthly Income in Monticello is 0.25x.

Statistic Monticello Arkansas United States
Median Home Value $107,900 $142,100 $244,900
Median Rent $711 $803 $1,163
Median Income $33,604 $52,123 $69,021
Home Value To Income 3.2x 2.7x 3.5x
Rent To Monthly Income 0.25x 0.18x 0.2x
Search Homes For Sale In Monticello, AR
$107,900
Median Home Value
$711
Median Rent
$33,604
Median Income

Monticello, AR Costs By Category

Detailed Monticello Services Costs Vs. Arkansas

Item Monticello Arkansas
Shampoo $1.03 $1.06
Movie $8.17 $10.68
Bowling $13.08 $14.67
Haircut $17.08 $18.62
Beauty Salon $38.13 $39.05

Detailed Monticello Groceries Costs Vs. Arkansas

Item Monticello Arkansas
Ground Beef $4.48 $4.22
Fried Chicken $1.16 $1.39
Milk $1.97 $2.05
Potatoes $3.03 $3.29
Pizza $10.95 $10.62
Beer $8.62 $9.38
Toothpaste $2.09 $2.34

Detailed Monticello Health Costs Vs. Arkansas

Item Monticello Arkansas
Optometrist $104.0 $108.57
Doctor $103.73 $116.17
Dentist $96.11 $99.13

Detailed Monticello Transportation Costs Vs. Arkansas

Item Monticello Arkansas
Gasoline $1.87 $2.22
Tire Balancing $43.62 $50.07

Detailed Monticello Utilities Costs Vs. Arkansas

Item Monticello Arkansas
All Electricity $111.98 $167.67
Phone $180.18 $175.64

Monticello SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
5
Affordability
6
Diversity
9
Safety
5
Amenities
8
Education
8
Commute
9

Cost Of Living In Cities Around Monticello

The cost of living varies in the cities and towns around Monticello. Here's a quick look at the cost of living in the most populous nearby places:

  • Pine Bluff, AR has a cost of living index of 84, 1.0x Monticello.

  • Greenville, MS has a cost of living index of 79, 1.0x Monticello.

  • Star, ID has a cost of living index of 105, 1.3x Monticello.

City Population Cost Of Living Vs. Monticello
Pine Bluff, AR 41,964 84 1.0x
Greenville, MS 30,175 79 1.0x
Star, ID 10,929 105 1.3x
White Hall, AR 5,599 91 1.1x
Warren, AR 5,485 78 1.0x

Articles About Arkansas

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