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Monticello, Arkansas

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
8,257
Population
$27,238
Median Income
$137,500
Home Value
35.3
Median Age

Demographics

Monticello has a population of 8,257 with a median age of 35.3. Here is the racial and ethnic breakdown of the population:

White
52.6%
Black
41.2%
Other
4.0%
Asian
1.5%
Hispanic
0.7%
Demographic Value
Total Population8,257
Median Age35.3
White52.6%
Black or African American41.2%
Asian1.5%
Hispanic or Latino0.7%
Other / Two or More Races4.0%
Monticello, Arkansas — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 52.6%Black: 41.2%Other: 4.0%Other: 2.2%8,257PopulationWhiteWhite52.6%BlackBlack41.2%OtherOther4.0%OtherOther2.2%

Income & Economy

The median household income in Monticello is $27,238, which is 66.2% below the national median of $80,610. The per capita income is $25,624. The poverty rate is 30.1%.

$27,238
Median Household Income
$25,624
Per Capita Income
30.1%
Poverty Rate

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Education

In Monticello, 91.7% of residents age 25+ have a high school diploma or higher, and 31.1% hold a bachelor's degree or higher (13.8% with a graduate or professional degree).

HS Diploma+
91.7%
Bachelor's+
31.1%
Graduate+
13.8%
Education Level % of Adults (25+)
High School Diploma or Higher91.7%
Bachelor's Degree or Higher31.1%
Graduate or Professional Degree13.8%

Housing

The median home value in Monticello is $137,500, below the national median of $303,400. The median monthly rent is $707. The homeownership rate is 46.0%.

$137,500
Median Home Value
$707/mo
Median Rent
46.0%
Homeownership Rate
Housing Metric Value
Median Home Value$137,500
Median Monthly Rent$707
Homeownership Rate46.0%
Vacancy Rate11.0%

Salaries in Arkansas

Explore salary data for popular occupations in Arkansas:

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Other Cities in Arkansas

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Frequently Asked Questions

What is the population of Monticello, Arkansas?
The population of Monticello, Arkansas is 8,257 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Monticello, Arkansas?
The median household income in Monticello, Arkansas is $27,238. This is 66.2% below the national median of $80,610.
What is the median home value in Monticello, Arkansas?
The median home value in Monticello, Arkansas is $137,500. The median monthly rent is $707.
What percentage of people in Monticello have a college degree?
In Monticello, Arkansas, 31.1% of adults age 25 and older hold a bachelor's degree or higher, and 91.7% have a high school diploma or higher.
Is Monticello, Arkansas an affordable place to live?
The home price-to-income ratio in Monticello, Arkansas is 5.0x (median home value $137,500 vs. median income $27,238), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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