MyNeighborhood

Can you afford to live in MONTICELLO?

Median household income, home values and rent in MONTICELLO, AR — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in MONTICELLO.

Median household income: $27,998 — +11.4% since 2015 (not adjusted for inflation)

Median gross rent: $676/mo — +15.4% since 2015

Median home value, 2015 to 2023

  • 2015: 96100
  • 2023: 128900

Median household income

  • MONTICELLO: 27998
  • Drew County: 41071
  • AR: 58773
  • U.S.: 78538

Median gross rent

  • MONTICELLO: 676
  • Drew County: 712
  • AR: 914
  • U.S.: 1348

Share of income a typical renter spends on rent: 28.2% — U.S.: 30.2%

What it means

The typical household here earns $27,998 — far lower than the national figure of $78,538.

The typical renter here spends 28.2% of household income on rent, below the 30% cost-burden line.

Since 2015, rent has risen faster than income here (+15.4% versus +11.4%), before adjusting for inflation.

Sources

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