Living in Monticello, Arkansas
Cost of living, income, home prices, rent and demographics of Monticello · Census data 2020–2024
Monticello has 8,257 residents with a median age of 35.3. The median household income is $27,238 (55% lower than the Arkansas median), the median home value is $137,500, the median rent is $707/month.
Monticello at a glance
- Population
- 8,257
- Median age
- 35.3State: 38.5
- Median household income
- $27,238State: $60,773
- Median home value
- $137,500State: $188,000
- Median rent
- $707/moState: $947
- Homeowners
- 46%
- Bachelor's degree or higher
- 31.1%
- Average commute
- 16 min
Is Monticello a good place to live?
Pros: Home values 27% lower than the state median; an average commute of 16 minutes.
Cons: Median household income 55% lower than the Arkansas median; unemployment of 9.6%; a poverty rate of 30.1%.
The weather is best in April–May and September–October.
Cost of living in Monticello
Housing is the biggest part of the cost of living. In Monticello the median home value is $137,500, 59% lower than the U.S. median. Renters pay a median of $707 per month, which is 29.3% of household income. Homeowners with a mortgage pay $1,098 a month in housing costs.
Monticello median household income
The median household income in Monticello is $27,238 and the income per person is $25,624. 30.1% of residents live below the poverty line (Arkansas: 16%).
Housing in Monticello: homes for sale and rent
- Housing units
- 4,143
- Owner-occupied
- 46%
- Renter-occupied
- 54%
- Vacant
- 11%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.05
Monticello demographics
- Population
- 8,257
- Median age
- 35.3
- Under 18
- 20.4%
- 65 and older
- 17%
- Households
- 3,688
- Foreign-born
- 2.7%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Monticello ›
Education in Monticello
31.1% of adults 25 and older in Monticello have a bachelor's degree or higher (Arkansas: 25.7%), and 13.8% have a graduate or professional degree.
Jobs and commute in Monticello
- Unemployment rate
- 9.6%State: 4.9%
- Average commute
- 16 minState: 23 min
- Work from home
- 6.6%
- Drive alone
- 81.3%
- Public transit
- 0%
- Walk to work
- 2.5%
- Homes with broadband
- 83.1%
Monticello vs nearby towns
More for people moving to Monticello
Monticello ZIP code ›Weather and climate ›Living in Monticello: FAQ
What is the median household income in Monticello, AR?
The median household income in Monticello is $27,238, 55% lower than the Arkansas median of $60,773 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Monticello?
The median home value in Monticello is $137,500, compared with $188,000 in Arkansas.
How much is rent in Monticello?
The median gross rent in Monticello is $707 per month, about 29.3% of household income.
Is Monticello, AR a good place to live?
Pluses: home values 27% lower than the state median; an average commute of 16 minutes. Minuses: median household income 55% lower than the Arkansas median; unemployment of 9.6%; a poverty rate of 30.1%.
What is the median age in Monticello?
The median age in Monticello is 35.3 years (Arkansas: 38.5).
How long is the commute in Monticello?
The average commute to work in Monticello is 16 minutes; 6.6% of workers work from home.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello is 9.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monticello?
31.1% of adults in Monticello have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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