Monticello, AR vs Paris, AR

Monticello, AR and Paris, AR have a very similar cost of living, with only a 0.7% difference in their overall index. Monticello scores 62 while Paris 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 Monticello is $676/month compared to $706/month in Paris — a 4% difference. Interestingly, home values tell a different story: while Monticello has cheaper rent, Paris actually has lower median home values ($112,700 vs $128,900).

Median household income in Monticello is $27,998 compared to $48,789 in Paris (-42.6%). Paris offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Monticello spend roughly 29% of their income on rent, more than the 17.4% in Paris.