Monticello, AR
Population 8,320 · Arkansas
About Monticello, AR
Monticello is a small town located in Arkansas with a population of 8,320 residents according to the latest US Census Bureau American Community Survey data. The median household income is $27,998 per year, which is 63% below the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Monticello features a median home value of $128,900, which is 47% below the national median of $244,900. This makes Monticello one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $676, 42% below the national average of $1,163/month. Of the 4,082 total housing units, 47% are owner-occupied (1,656 units) and 53% are renter-occupied (1,893 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Monticello shows an unemployment rate of 7.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 28.4%, above the national average of 12.4%. Workers in Monticello have an average one-way commute time of 15.5 minutes, one of the shorter commutes in the region.
Education & Demographics
26.6% of Monticello residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.3% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 2.3% of the population being foreign-born.
How Monticello Ranks in Arkansas
Cost of Living in Monticello, AR
Compared to national averages, Monticello has a median household income of $27,998 (63% below the national median of $75,149). Home values average $128,900, which is 47% below the national median. Monthly rent at $676 is 42% below the US average of $1,163. Within Arkansas, Monticello's income is 46% below the state average of $52,241, and home values are 3% above the state median of $125,457.
Why Live in Monticello, AR?
Monticello offers affordable housing with a median home value of $128,900, below the US average of $244,900, and rent that’s lower than the national average at $676/month, and short commute times averaging just 15.5 minutes.
Potential considerations include median household income ($27,998) that falls below the national average. However, Monticello’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Monticello has a population of 8,320 with a median age of 37.4 years. Compare Monticello with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Monticello
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wynne | 8,220 | $40,102 | $125,300 | Compare |
| Farmington | 8,469 | $88,541 | $249,900 | Compare |
| Beebe | 8,580 | $56,424 | $163,400 | Compare |
| Stuttgart | 8,060 | $58,906 | $150,600 | Compare |
| Newport | 8,019 | $32,693 | $132,200 | Compare |
| Hope | 8,787 | $44,353 | $87,800 | Compare |
| Pocahontas | 7,475 | $42,829 | $107,500 | Compare |
| Prairie Grove | 7,445 | $58,556 | $226,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Monticello With Other Cities
Frequently Asked Questions about Monticello
What is the population of Monticello, AR?
The population of Monticello, AR is 8,320 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Arkansas.
What is the median household income in Monticello?
The median household income in Monticello, AR is $27,998 per year, which is 63% below the national median of $75,149.
What is the median home value in Monticello?
The median home value in Monticello, AR is $128,900, which is 47% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Monticello?
The median monthly rent in Monticello, AR is $676, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello, AR is 7.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Monticello, AR a good place to live?
Monticello offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 8,320 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Monticello, AR?
26.6% of residents in Monticello aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Monticello?
Key cost-of-living indicators for Monticello, AR: median home value is $128,900 (47% below national), median rent is $676/month, and median household income is $27,998. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Monticello?
The poverty rate in Monticello, AR is 28.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Monticello, AR?
Monticello's population is 0.3% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 40.2% two or more races. 2.3% of residents are foreign-born.