Cost of Living in Monroe County, Arkansas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Monroe County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Monroe County ranks #112 of 3,142 counties for affordability (top 4%)
Sourced county brief
Monroe County Median Home Value Estimated at $88,700
The median home value in Monroe County was $88,700, which is $52,765 below the Arkansas unweighted county mean of $141,465. The official median gross rent as a percentage of household income (GRAPI) was estimated at 25.1%. This B25071 figure is 3.3 percentage points below the state unweighted county mean of 28.4%. The median gross rent in the county was $614 per month, compared to a state unweighted county mean of $774. Median selected monthly owner costs for all units were $566, while the state unweighted county mean was $663. Renter households in the county had a median income of $24,609. This report provides a data snapshot based on the 2020-2024 5-year estimates and does not describe market trends or provide financial advice. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Monroe County
Affordability Verdict
ACS B25071 estimates median gross rent at 25.1% of renter household income in Monroe County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $614 per month; median selected monthly owner costs are $566. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $24,560 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Arkansas unweighted mean of county median rents is $774 per month. Monroe County's $614 median is 20.7% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Monroe County
Rent Burden
17.1%
of gross income
Max Housing (28% Rule)
$1,008
per month
Owner Cost Burden
15.7%
of gross income
You can likely afford the median home in Monroe County
Median home value is $88,700. Estimated monthly cost: $708 vs. your max of $1,008.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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