Gosnell, AR vs Monticello, AR

Gosnell, AR and Monticello, AR have a very similar cost of living, with only a 3% difference in their overall index. Gosnell scores 64 while Monticello scores 62 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Gosnell is $836/month compared to $676/month in Monticello — a 24% difference. Interestingly, home values tell a different story: while Monticello has cheaper rent, Gosnell actually has lower median home values ($92,300 vs $128,900).

Median household income in Gosnell is $43,750 compared to $27,998 in Monticello (+56.3%). While Gosnell is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gosnell spend roughly 22.9% of their income on rent, less than the 29% in Monticello.