Living in Monticello, Illinois
Cost of living, income, home prices, rent and demographics of Monticello · Census data 2020–2024
Monticello has 6,304 residents with a median age of 43.8. The median household income is $99,449 (19% higher than the Illinois median), the median home value is $210,500, the median rent is $1,379/month.
Monticello at a glance
- Population
- 6,304
- Median age
- 43.8State: 39
- Median household income
- $99,449State: $83,390
- Median home value
- $210,500State: $263,300
- Median rent
- $1,379/moState: $1,274
- Homeowners
- 82.7%
- Bachelor's degree or higher
- 40.7%
- Average commute
- 23 min
Is Monticello a good place to live?
Pros: Median household income 19% higher than the Illinois median; home values 20% lower than the state median; an average commute of 23 minutes; unemployment of 0.5%; a poverty rate of 5.7%.
The weather is best in May and July to September.
Cost of living in Monticello
Housing is the biggest part of the cost of living. In Monticello the median home value is $210,500, 37% lower than the U.S. median. Renters pay a median of $1,379 per month, which is 21.9% of household income. Homeowners with a mortgage pay $1,710 a month in housing costs.
Monticello median household income
The median household income in Monticello is $99,449 and the income per person is $48,780. 5.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Monticello: homes for sale and rent
- Housing units
- 2,782
- Owner-occupied
- 82.7%
- Renter-occupied
- 17.3%
- Vacant
- 3.8%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.31
Monticello demographics
- Population
- 6,304
- Median age
- 43.8
- Under 18
- 18.7%
- 65 and older
- 22%
- Households
- 2,675
- Foreign-born
- 2.8%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Monticello ›
Education in Monticello
40.7% of adults 25 and older in Monticello have a bachelor's degree or higher (Illinois: 37.8%), and 13.6% have a graduate or professional degree.
Jobs and commute in Monticello
- Unemployment rate
- 0.5%State: 5.8%
- Average commute
- 23 minState: 28 min
- Work from home
- 6.7%
- Drive alone
- 90.6%
- Public transit
- 0%
- Walk to work
- 0.3%
- Homes with broadband
- 93.3%
Monticello vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monticello | 6,304 | $99,449 | $210,500 | $1,379 |
| White Heath | 163 | $98,409 | $168,500 | — |
| De Land | 448 | $50,000 | $87,000 | $644 |
| Bement | 1,792 | $76,250 | $99,300 | $807 |
| Cisco | 234 | $50,625 | $113,100 | $1,146 |
| Ivesdale | 209 | $64,375 | $118,100 | — |
| Seymour | 270 | $36,063 | $135,700 | — |
| Weldon | 350 | $60,625 | $100,000 | $950 |
| Bondville | 404 | $71,250 | $168,200 | $1,292 |
More for people moving to Monticello
Monticello ZIP code ›Weather and climate ›Living in Monticello: FAQ
What is the median household income in Monticello, IL?
The median household income in Monticello is $99,449, 19% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Monticello?
The median home value in Monticello is $210,500, compared with $263,300 in Illinois.
How much is rent in Monticello?
The median gross rent in Monticello is $1,379 per month, about 21.9% of household income.
Is Monticello, IL a good place to live?
Pluses: median household income 19% higher than the Illinois median; home values 20% lower than the state median; an average commute of 23 minutes; unemployment of 0.5%; a poverty rate of 5.7%.
What is the median age in Monticello?
The median age in Monticello is 43.8 years (Illinois: 39).
How long is the commute in Monticello?
The average commute to work in Monticello is 23 minutes; 6.7% of workers work from home.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello is 0.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monticello?
40.7% of adults in Monticello have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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