Cost of Living in Monticello
Monticello's cost of living combines a genuinely low property tax rate against a real, disclosed, far-below-statewide local income base.
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Learn moreA real, disclosed housing-price spread
Monticello's 2026 housing figures ran a real, disclosed $163,403 (an estimated value) to $245,000-$264,500 (actual sale/list prices) depending on source (base record).
A far-below-statewide household income
Monticello's median household income ran approximately $27,238 (2024) -- genuinely, substantially below Arkansas's own already-below-national statewide median of approximately $62,100 (base record).
A genuinely low property tax position
Monticello's own Ownwell-cited effective property tax rate ran approximately 0.79%, below the cited national median of 1.02% (base record).
Key takeaways
- Monticello's housing costs carry a real, disclosed cross-source spread ($163,403-$264,500).
- Median household income runs genuinely far below Arkansas's own already-below-national statewide median.
- A 0.79% effective property tax rate runs below the national median.
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