Lincoln, AR vs Monticello, AR

There is a significant gap in the cost of living between these two cities. Monticello is 24.3% cheaper than Lincoln. With a cost index of 62 vs 77, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Monticello to Lincoln should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lincoln is $1,080/month compared to $676/month in Monticello — a 60% difference. Home values follow the same pattern: Monticello is more affordable at $128,900 median vs $151,000.

Median household income in Lincoln is $59,688 compared to $27,998 in Monticello (+113.2%). While Lincoln is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lincoln spend roughly 21.7% of their income on rent, less than the 29% in Monticello.