Monticello, AR vs Siloam Springs, AR

There is a significant gap in the cost of living between these two cities. Monticello is 19.7% cheaper than Siloam Springs. 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 Siloam Springs should plan for substantially higher expenses across most categories.

On the housing front, median rent in Monticello is $676/month compared to $941/month in Siloam Springs — a 28% difference. Home values follow the same pattern: Monticello is more affordable at $128,900 median vs $205,000.

Median household income in Monticello is $27,998 compared to $65,725 in Siloam Springs (-57.4%). While Siloam 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 Monticello spend roughly 29% of their income on rent, more than the 17.2% in Siloam Springs.