Elm Springs, AR vs Monticello, AR

The cost of living difference between Elm Springs, AR and Monticello, AR is dramatic. Monticello is 43.8% cheaper than Elm Springs, a gap that translates to thousands of dollars per year in household expenses. Elm Springs has a cost index of 89 while Monticello sits at 62, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Elm Springs is $908/month compared to $676/month in Monticello — a 34% difference. Home values follow the same pattern: Monticello is more affordable at $128,900 median vs $362,400.

Median household income in Elm Springs is $112,917 compared to $27,998 in Monticello (+303.3%). While Elm Springs is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elm Springs spend roughly 9.6% of their income on rent, less than the 29% in Monticello.