Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Crime
High crime rates per 100,000 people are reported in this area, potentially indicating that it is an unsafe place to live. These statistics consider both violent and property offenses.
Employment
The combination of low income levels and high unemployment rates contributes to a low score in the employment category, which could make it challenging to secure well-paying jobs.
Schools
Factors such as lower than average graduation rates, lackluster reading and math scores and the limited accessibility of local elementary and high schools could contribute to the low schools score.
Monticello is a smaller city located in the state of Arkansas. The city has a population of 9,392 residents. Individuals of White (53%) and Black or African American (43%) backgrounds make up a significant portion of the population of the city. Monticello tends to attract a younger crowd, as the median age of 33 is far below the national average. Monticello is not known to have a high population (over 15 years old) of married people. At only 46% married, this city falls well below the national average. If you're not a fan of traffic congestion and long commute times to work, Monticello is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 18 minutes, significantly lower than the national average of 26 minutes.
Are you trying to ascertain if living in Monticello is the right fit for your lifestyle? To ensure a good experience before relocating to any new city in Arkansas, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. With useful information like cost of living, health & safety, education, housing and other key data points, finding the best places to live in Monticello and in the areas around Monticello is a much easier task.
The livability score in Monticello is 67 out of 100 and the city is ranked in the 68th percentile of all cities across America. If we dig down a little deeper into each category within the livability score, we see that Monticello has higher than average rankings for the following: cost of living (A+) and housing (B). On a less positive note, Monticello does not have favorable ranks for the following: amenities (F), crime (D-), education (F) and employment (F). If we take a look at the data, we can find out why.
The unemployment rate in Monticello has consistently declined over the years and currently stands well below the national average at 1.69%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Monticello excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Monticello is actually affordable. Median real estate prices in Monticello come in at $105,100, which is 8.4% lower than the Arkansas average. The home price to income ratio compares the median home prices to the median household income. In Monticello, the home price to income ratio is 3.1, which is 14.8% higher than the Arkansas average.
| Statistic | Monticello | Arkansas | National |
| Average one way commute | 18min | 22min | 26min |
| Workers who drive to work | 79.9% | 82.7% | 76.4% |
| Workers who carpool | 10.4% | 10.8% | 9.3% |
| Workers who take public transit | 0.0% | 0.4% | 5.1% |
| Workers who bicycle | 0.5% | 0.2% | 0.6% |
| Workers who walk | 7.2% | 1.7% | 2.8% |
| Working from home | 1.3% | 3.2% | 4.6% |
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