Monticello, AR vs Waldron, AR

Monticello, AR and Waldron, AR have a very similar cost of living, with only a 2.4% difference in their overall index. Monticello scores 62 while Waldron scores 61 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 $708/month in Waldron — a 5% difference. Interestingly, home values tell a different story: while Monticello has cheaper rent, Waldron actually has lower median home values ($99,300 vs $128,900).

Median household income in Monticello is $27,998 compared to $41,028 in Waldron (-31.8%). Waldron 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 20.7% in Waldron.