Living in Monticello, Indiana
Cost of living, income, home prices, rent and demographics of Monticello · Census data 2020–2024
Monticello has 5,496 residents with a median age of 44.5. The median household income is $52,798 (27% lower than the Indiana median), the median home value is $149,600, the median rent is $927/month.
Monticello at a glance
- Population
- 5,496
- Median age
- 44.5State: 38.1
- Median household income
- $52,798State: $71,957
- Median home value
- $149,600State: $218,200
- Median rent
- $927/moState: $1,062
- Homeowners
- 64.7%
- Bachelor's degree or higher
- 12.4%
- Average commute
- 20 min
Is Monticello a good place to live?
Pros: Home values 31% lower than the state median; an average commute of 20 minutes; a poverty rate of 11.1%.
Cons: Median household income 27% lower than the Indiana median; unemployment of 5.9%.
The weather is best in May–June and August–September.
Cost of living in Monticello
Housing is the biggest part of the cost of living. In Monticello the median home value is $149,600, 55% lower than the U.S. median. Renters pay a median of $927 per month, which is 29.1% of household income. Homeowners with a mortgage pay $1,173 a month in housing costs.
Monticello median household income
The median household income in Monticello is $52,798 and the income per person is $28,926. 11.1% of residents live below the poverty line (Indiana: 12.3%).
Housing in Monticello: homes for sale and rent
- Housing units
- 2,688
- Owner-occupied
- 64.7%
- Renter-occupied
- 35.3%
- Vacant
- 7.7%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.13
Monticello demographics
- Population
- 5,496
- Median age
- 44.5
- Under 18
- 18.1%
- 65 and older
- 24.9%
- Households
- 2,481
- Foreign-born
- 5.5%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Monticello ›
Education in Monticello
12.4% of adults 25 and older in Monticello have a bachelor's degree or higher (Indiana: 29.5%), and 3.5% have a graduate or professional degree.
Jobs and commute in Monticello
- Unemployment rate
- 5.9%State: 4.3%
- Average commute
- 20 minState: 24 min
- Work from home
- 3.5%
- Drive alone
- 85.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 84.3%
Monticello vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monticello | 5,496 | $52,798 | $149,600 | $927 |
| Norway | 282 | $39,286 | $106,000 | — |
| Reynolds | 718 | $58,750 | $123,900 | $1,300 |
| Yeoman | 235 | $49,861 | $128,700 | $556 |
| Idaville | 399 | $49,323 | $136,300 | — |
| Chalmers | 526 | $70,500 | $162,500 | $744 |
| Burnettsville | 307 | $63,365 | $104,700 | $925 |
| Monon | 2,091 | $49,286 | $96,000 | $912 |
| Buffalo | 947 | $89,934 | $125,000 | — |
More for people moving to Monticello
Monticello ZIP code ›Weather and climate ›Living in Monticello: FAQ
What is the median household income in Monticello, IN?
The median household income in Monticello is $52,798, 27% lower than the Indiana median of $71,957 (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 $149,600, compared with $218,200 in Indiana.
How much is rent in Monticello?
The median gross rent in Monticello is $927 per month, about 29.1% of household income.
Is Monticello, IN a good place to live?
Pluses: home values 31% lower than the state median; an average commute of 20 minutes; a poverty rate of 11.1%. Minuses: median household income 27% lower than the Indiana median; unemployment of 5.9%.
What is the median age in Monticello?
The median age in Monticello is 44.5 years (Indiana: 38.1).
How long is the commute in Monticello?
The average commute to work in Monticello is 20 minutes; 3.5% of workers work from home.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello is 5.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monticello?
12.4% 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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