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)
How Monroe County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Monroe County, Arkansas
Monroe County: budget-friendly rents
Monroe County renters spend 16.5% of income on housing, below the national average of roughly 18%, with the lowest median rent ($603) in this cohort. Despite having the lowest household income ($43,955) here, Monroe residents benefit from exceptionally affordable rent.
Monroe ranks among most affordable
Monroe County's rent-to-income ratio of 16.5% sits comfortably below Arkansas's 18.1% state average, making it one of the most affordable counties profiled. The median rent of $603 is 79% of the state median, offering substantial savings for budget-conscious renters.
Monroe delivers rock-bottom rents
Monroe County's $603 median rent and 16.5% ratio represent the best values in this entire group, substantially undercutting even Logan County ($721, 15.9%). The county's extremely low rent positions it as an affordability leader despite modestly lower household income.
Renting and owning both cheap
Renters pay just $603 monthly (16.5% of the $43,955 household income), while homeowners pay $493—the second-lowest owner cost in the cohort. Both renting and owning are exceptionally affordable here, with owner costs consuming just 13.4% of income.
Monroe County for budget-first movers
If keeping housing costs low is your top priority, Monroe County delivers: rents at 16.5% of income and homes valued at just $82,200. This county is ideal for first-time homebuyers or renters seeking maximum savings; consider Monroe your affordability benchmark.
Affordability Calculator
See how your income compares to housing costs in Monroe County
Rent Burden
16.5%
of gross income
Max Housing (28% Rule)
$1,026
per month
Owner Cost Burden
13.5%
of gross income
You can likely afford the median home in Monroe County
Median home value is $82,200. Estimated monthly cost: $656 vs. your max of $1,026.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.