Hot Springs Village, AR vs Monticello, AR

The cost of living difference between Hot Springs Village, AR and Monticello, AR is dramatic. Monticello is 40.2% cheaper than Hot Springs Village, a gap that translates to thousands of dollars per year in household expenses. Hot Springs Village has a cost index of 87 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 Hot Springs Village is $1,167/month compared to $676/month in Monticello — a 73% difference. Home values follow the same pattern: Monticello is more affordable at $128,900 median vs $262,000.

Median household income in Hot Springs Village is $69,953 compared to $27,998 in Monticello (+149.8%). While Hot Springs Village is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hot Springs Village spend roughly 20% of their income on rent, less than the 29% in Monticello.