Monticello, AR vs West Memphis, AR

Monticello is moderately more affordable than West Memphis, with a 8.2% lower cost of living index. Monticello scores 62 compared to 68 for West Memphis, where the US average is 100. This difference means residents of West Memphis can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Monticello is $676/month compared to $847/month in West Memphis — a 20% difference. Interestingly, home values tell a different story: while Monticello has cheaper rent, West Memphis actually has lower median home values ($119,100 vs $128,900).

Median household income in Monticello is $27,998 compared to $41,860 in West Memphis (-33.1%). While West Memphis 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 24.3% in West Memphis.