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Population & People
Population
8,443
Median age
35.3
Median household income
$27,238
Poverty rate
30.1%
Unemployment rate
9.6%
Bachelor's degree+
31.1%
Avg. commute
15 min
Hispanic or Latino
0.7%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$137,500
Median gross rent
$707/mo
Homeownership rate
46.04%
HUD FMR — 2 bedroom
$944
HUD Fair Market Rent (Arkansas statewide average across 75 areas — not specific to Monticello), 2026. Efficiency $700, 1BR $751, 2BR $944, 3BR $1239, 4BR $1406. This is a different official figure from Census median gross rent above.
Energy
Arkansas commercial electricity
10.76¢/kWh
Arkansas industrial electricity
6.71¢/kWh
Arkansas residential electricity
12.84¢/kWh
Economy
Gross Domestic Product: All Industry Total
198422
Real Gross Domestic Product: All Industry Total
150640.3
All-Transactions House Price Index for Arkansas
479.22
Unemployment Rate
4%
Source: FRED, Arkansas-specific series.