Living in Monticello, Kentucky
Cost of living, income, home prices, rent and demographics of Monticello · Census data 2020–2024
Monticello has 5,753 residents with a median age of 40.6. The median household income is $44,952 (29% lower than the Kentucky median), the median home value is $132,400, the median rent is $779/month.
Monticello at a glance
- Population
- 5,753
- Median age
- 40.6State: 39.1
- Median household income
- $44,952State: $63,726
- Median home value
- $132,400State: $205,600
- Median rent
- $779/moState: $967
- Homeowners
- 53.8%
- Bachelor's degree or higher
- 13.3%
- Average commute
- 23 min
Is Monticello a good place to live?
Pros: Home values 36% lower than the state median; an average commute of 23 minutes; unemployment of 2%.
Cons: Median household income 29% lower than the Kentucky median; a poverty rate of 30.4%.
The weather is best in May and August to October.
Cost of living in Monticello
Housing is the biggest part of the cost of living. In Monticello the median home value is $132,400, 60% lower than the U.S. median. Renters pay a median of $779 per month, which is 26.7% of household income. Homeowners with a mortgage pay $943 a month in housing costs.
Monticello median household income
The median household income in Monticello is $44,952 and the income per person is $23,028. 30.4% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Monticello: homes for sale and rent
- Housing units
- 2,713
- Owner-occupied
- 53.8%
- Renter-occupied
- 46.2%
- Vacant
- 12.1%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.31
Monticello demographics
- Population
- 5,753
- Median age
- 40.6
- Under 18
- 18.3%
- 65 and older
- 17.3%
- Households
- 2,385
- Foreign-born
- 2.4%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Monticello ›
Education in Monticello
13.3% of adults 25 and older in Monticello have a bachelor's degree or higher (Kentucky: 27.6%), and 6.6% have a graduate or professional degree.
Jobs and commute in Monticello
- Unemployment rate
- 2%State: 4.9%
- Average commute
- 23 minState: 24 min
- Work from home
- 20.2%
- Drive alone
- 57.4%
- Public transit
- 0.5%
- Walk to work
- 1.4%
- Homes with broadband
- 89.3%
Monticello vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monticello | 5,753 | $44,952 | $132,400 | $779 |
| Jamestown | 1,739 | $20,541 | $121,800 | $504 |
| Burnside | 755 | $58,750 | $167,300 | $926 |
| Albany | 1,896 | $44,007 | $111,100 | $480 |
| Russell Springs | 2,773 | $38,697 | $170,300 | $745 |
| Ferguson | 849 | $40,500 | $153,100 | $758 |
| Somerset | 12,216 | $34,704 | $144,000 | $775 |
| Whitley City | 963 | $33,719 | $116,700 | $912 |
| Stearns | 1,271 | $55,931 | $160,700 | — |
More for people moving to Monticello
Monticello ZIP code ›Weather and climate ›Living in Monticello: FAQ
What is the median household income in Monticello, KY?
The median household income in Monticello is $44,952, 29% lower than the Kentucky median of $63,726 (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 $132,400, compared with $205,600 in Kentucky.
How much is rent in Monticello?
The median gross rent in Monticello is $779 per month, about 26.7% of household income.
Is Monticello, KY a good place to live?
Pluses: home values 36% lower than the state median; an average commute of 23 minutes; unemployment of 2%. Minuses: median household income 29% lower than the Kentucky median; a poverty rate of 30.4%.
What is the median age in Monticello?
The median age in Monticello is 40.6 years (Kentucky: 39.1).
How long is the commute in Monticello?
The average commute to work in Monticello is 23 minutes; 20.2% of workers work from home.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello is 2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monticello?
13.3% 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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