Monticello, AR
Discover how far your salary goes in Monticello. Compare taxes, rent, and living costs.
8,442
5.5%
$833
/month
-40%
below avg
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Rent Prices in Monticello
Studio
$666
/month
$7,992/year
1 Bedroom
$833
/month
$9,996/year
2 Bedroom
$1,125
/month
$13,500/year
3 Bedroom
$1,458
/month
$17,496/year
Taxes in Arkansas
State Income Tax
Arkansas
For a $100k salary, that's ~$5,500/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workFrequently Asked Questions
What is the cost of living in Monticello, AR?▼
Monticello has a cost of living index of 77, which is 23% below the national average. A 1-bedroom apartment costs around $833/month.
What is the state income tax in Arkansas?▼
Arkansas has a state income tax rate of approximately 5.5%. This is in addition to federal income tax.
How much is rent in Monticello?▼
The median rent for a 1-bedroom apartment in Monticello is $833/month. For a 2-bedroom, expect to pay around $1,125/month. This is 40% below the national average.
Is Monticello a good place to live?▼
Monticello is a small town with a population of 8,442. The cost of living is very affordable, making it more affordable than average for the US.
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