Living in Monticello, Maine
Cost of living, income, home prices, rent and demographics of Monticello · Census data 2020–2024
Monticello has 674 residents with a median age of 52.7. The median household income is $51,875 (31% lower than the Maine median), the median home value is $125,800, the median rent is $833/month.
Monticello is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Monticello at a glance
- Population
- 674
- Median age
- 52.7State: 44.8
- Median household income
- $51,875State: $74,733
- Median home value
- $125,800State: $296,600
- Median rent
- $833/moState: $1,139
- Homeowners
- 88.2%
- Bachelor's degree or higher
- 9.4%
- Average commute
- 30 min
Is Monticello a good place to live?
Pros: Home values 58% lower than the state median; unemployment of 0.7%.
Cons: Median household income 31% lower than the Maine median; an average commute of 30 minutes; a poverty rate of 19.4%.
The weather is best in June to September.
Cost of living in Monticello
Housing is the biggest part of the cost of living. In Monticello the median home value is $125,800, 62% lower than the U.S. median. Renters pay a median of $833 per month, which is 27.5% of household income. Homeowners with a mortgage pay $1,095 a month in housing costs.
Monticello median household income
The median household income in Monticello is $51,875 and the income per person is $28,891. 19.4% of residents live below the poverty line (Maine: 10.7%).
Housing in Monticello: homes for sale and rent
- Housing units
- 362
- Owner-occupied
- 88.2%
- Renter-occupied
- 11.8%
- Vacant
- 20.7%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.35
Monticello demographics
- Population
- 674
- Median age
- 52.7
- Under 18
- 13.8%
- 65 and older
- 28.2%
- Households
- 287
- Foreign-born
- 2.1%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Monticello ›
Education in Monticello
9.4% of adults 25 and older in Monticello have a bachelor's degree or higher (Maine: 36.2%), and 3.4% have a graduate or professional degree.
Jobs and commute in Monticello
- Unemployment rate
- 0.7%State: 3.8%
- Average commute
- 30 minState: 25 min
- Work from home
- 7.1%
- Drive alone
- 74.3%
- Public transit
- 0%
- Walk to work
- 1.4%
- Homes with broadband
- 82.6%
Monticello vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monticello | 674 | $51,875 | $125,800 | $833 |
| Bridgewater | 484 | $65,417 | $154,900 | $768 |
| Littleton | 887 | $74,219 | $159,800 | — |
| Blaine | 706 | $80,707 | — | $691 |
| Ludlow | 444 | $62,500 | $133,900 | $988 |
| Houlton | 6,056 | $61,058 | $137,000 | $785 |
| Westfield | 389 | $52,917 | $134,400 | $950 |
| New Limerick | 372 | $53,810 | $196,900 | $775 |
| Mars Hill | 1,398 | $65,273 | $163,600 | $488 |
More for people moving to Monticello
Monticello ZIP code ›Weather and climate ›Living in Monticello: FAQ
What is the median household income in Monticello, ME?
The median household income in Monticello is $51,875, 31% lower than the Maine median of $74,733 (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 $125,800, compared with $296,600 in Maine.
How much is rent in Monticello?
The median gross rent in Monticello is $833 per month, about 27.5% of household income.
Is Monticello, ME a good place to live?
Pluses: home values 58% lower than the state median; unemployment of 0.7%. Minuses: median household income 31% lower than the Maine median; an average commute of 30 minutes; a poverty rate of 19.4%.
What is the median age in Monticello?
The median age in Monticello is 52.7 years (Maine: 44.8).
How long is the commute in Monticello?
The average commute to work in Monticello is 30 minutes; 7.1% of workers work from home.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monticello?
9.4% 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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