El Dorado, AR vs Monticello, AR

Monticello is moderately more affordable than El Dorado, with a 6.2% lower cost of living index. El Dorado scores 66 compared to 62 for Monticello, where the US average is 100. This difference means residents of El Dorado can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in El Dorado is $845/month compared to $676/month in Monticello — a 25% difference. Interestingly, home values tell a different story: while Monticello has cheaper rent, El Dorado actually has lower median home values ($113,100 vs $128,900).

Median household income in El Dorado is $45,159 compared to $27,998 in Monticello (+61.3%). While El Dorado is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of El Dorado spend roughly 22.5% of their income on rent, less than the 29% in Monticello.