Pros and Cons of Living In Monticello, Arkansas. Is Monticello, AR a Nice Place To Live or Retire?
Monticello, Arkansas
Moving to Monticello In Arkansas ? Is Monticello, AR a Nice Place To Live? Pros and Cons of Living in Monticello, Arkansas. Find out the best and worst about to live, raise a family or retire in Monticello.
Monticello ( MON-tiss-EL-oh) is a college town in, and the county seat of, Drew County, Arkansas. As of 2023, it had an estimated population of 8,175. Founded in 1849 in the Arkansas Timberlands near the Arkansas Delta region, the city has long been a commercial, cultural and educational hub for southeast Arkansas. With a historically agriculture- and silviculture-based economy, it has diversified to include growth from the medical sector and the University of Arkansas at Monticello.
DEMOGRAPHICS
Population
9392
Unemployment
3.2%
32%
NAT AVG.
Poverty
25.4%
81%
NAT AVG.
Cost Of Living
81
19%
NAT AVG.
ECONOMICS
Median Home Cost
$105100
54%
NAT AVG.
Median Income
$33802
50%
NAT AVG.
Median Rent
$661
43%
NAT AVG.
Overall Score
6
CRIME REPORT
Total Crime
265
21%
NAT. AVG.
14% STATE AVG.
14% STATE AVG.
Violent Crime
45
24%
NAT. AVG.
28% STATE AVG.
28% STATE AVG.
Property Crime
220
20%
NAT. AVG.
10% STATE AVG.
10% STATE AVG.
SOCIO-ECONOMICS
People Living Below BPL
1 in 4
Unemployed People
1 in 31
People Earning < $10,000
1 in 7
People Earning < $50,000
59.8%
People With Any Degree
1 in 2.7
ETHNICITY
| Ethnicity | Monticello | USA |
|---|---|---|
| White | 50.6% | 60.1% |
| African American | 43.4% | 12.2% |
| American Indian | 0% | 0.6% |
| Asian | 0.1% | 5.6% |
| Hawaiian | 0% | 0.2% |
| Multiracial | 2.4% | 2.8% |
| Hispanic | 3.6% | 18.2% |
| Other | 0% | 0.3% |
HOUSEHOLD INCOME
| HOUSEHOLD INCOME | Monticello | USA |
|---|---|---|
| Less than $10,000 | 14.6% | 5.8% |
| $10,000 to $14,999 | 8.3% | 4.1% |
| $15,000 to $24,999 | 17% | 8.5% |
| $25,000 to $34,999 | 12.3% | 8.6% |
| $35,000 to $49,999 | 7.6% | 12.0% |
| $50,000 to $74,999 | 16.4% | 17.2% |
| $75,000 to $99,999 | 10% | 12.8% |
| $100,000 to $149,999 | 10.3% | 15.6% |
| $150,000 to $199,999 | 2.4% | 7.1% |
EDUCATION
| Education | Monticello | USA |
|---|---|---|
| < 9th Grade | 2% | 5.0% |
| 9-12th Grade | 10% | 7.0% |
| High School or GED | 27% | 27.0% |
| Other College | 24% | 20.0% |
| Associate's Degree | 7% | 9% |
| Bachelor's Degree | 18% | 20.0% |
| Master's Degree | 8% | 9.0% |
| Professional Degree | 2% | 2.0% |
| Doctorate Degree | 2% | 1.0% |
Monticello is a city in Arkansas state in USA with a population of 9392 residents..
The poverty rate of Monticello is 25.4%, which is 81% higher than national average.
The typical household in Monticello earns $33802 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 59.8% of households earn less than $50,000 a year compared to 39% national rate.
The unemployment rate of Monticello remained 3.2%, which is 32% lower than national rate.
Cost of living in Monticello is 81, which is 19% lower than national average. In Monticello, only 30% of adults have a bachelor's degree and 31% have some college but no degree. Median home value in Monticello is $105100 , which is 54% lower than national average. While median income in Monticello remained $33802, which is 50% lower than national average.
Cost of living in Monticello is 81, which is 19% lower than national average. In Monticello, only 30% of adults have a bachelor's degree and 31% have some college but no degree. Median home value in Monticello is $105100 , which is 54% lower than national average. While median income in Monticello remained $33802, which is 50% lower than national average.