Living in Monticello, Minnesota
Cost of living, income, home prices, rent and demographics of Monticello · Census data 2020–2024
Monticello has 14,858 residents with a median age of 34.1. The median household income is $79,534 (11% lower than the Minnesota median), the median home value is $323,700, the median rent is $1,405/month.
Monticello at a glance
- Population
- 14,858
- Median age
- 34.1State: 38.8
- Median household income
- $79,534State: $89,062
- Median home value
- $323,700State: $329,300
- Median rent
- $1,405/moState: $1,280
- Homeowners
- 64.7%
- Bachelor's degree or higher
- 23.5%
- Average commute
- 26 min
Is Monticello a good place to live?
Pros: Home values about the same as the state median; unemployment of 2.9%; a poverty rate of 6.7%.
Cons: Median household income 11% lower than the Minnesota median; an average commute of 26 minutes.
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 $323,700, about the same as the U.S. median. Renters pay a median of $1,405 per month, which is 27.7% of household income. Homeowners with a mortgage pay $1,817 a month in housing costs.
Monticello median household income
The median household income in Monticello is $79,534 and the income per person is $37,838. 6.7% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Monticello: homes for sale and rent
- Housing units
- 5,766
- Owner-occupied
- 64.7%
- Renter-occupied
- 35.3%
- Vacant
- 1.2%Includes seasonal homes
- Median year built
- 1999
- Average household size
- 2.59
Monticello demographics
- Population
- 14,858
- Median age
- 34.1
- Under 18
- 26.4%
- 65 and older
- 10.8%
- Households
- 5,695
- Foreign-born
- 7.6%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Monticello ›
Education in Monticello
23.5% of adults 25 and older in Monticello have a bachelor's degree or higher (Minnesota: 39.4%), and 7.2% have a graduate or professional degree.
Jobs and commute in Monticello
- Unemployment rate
- 2.9%State: 4.1%
- Average commute
- 26 minState: 23 min
- Work from home
- 13.2%
- Drive alone
- 72.5%
- Public transit
- 0.1%
- Walk to work
- 1.9%
- Homes with broadband
- 94%
Monticello vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monticello | 14,858 | $79,534 | $323,700 | $1,405 |
| Big Lake | 12,367 | $120,549 | $330,200 | $1,340 |
| Albertville | 8,207 | $132,734 | $343,700 | $1,348 |
| Becker | 5,034 | $86,094 | $271,300 | $889 |
| Otsego | 22,245 | $119,927 | $396,700 | $1,765 |
| St. Michael | 20,010 | $131,274 | $390,100 | $1,483 |
| Buffalo | 16,499 | $88,820 | $314,400 | $1,182 |
| Silver Creek | 167 | $51,042 | $418,800 | — |
| Elk River | 26,793 | $108,741 | $370,100 | $1,283 |
More for people moving to Monticello
Monticello ZIP code ›Weather and climate ›Living in Monticello: FAQ
What is the median household income in Monticello, MN?
The median household income in Monticello is $79,534, 11% lower than the Minnesota median of $89,062 (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 $323,700, compared with $329,300 in Minnesota.
How much is rent in Monticello?
The median gross rent in Monticello is $1,405 per month, about 27.7% of household income.
Is Monticello, MN a good place to live?
Pluses: home values about the same as the state median; unemployment of 2.9%; a poverty rate of 6.7%. Minuses: median household income 11% lower than the Minnesota median; an average commute of 26 minutes.
What is the median age in Monticello?
The median age in Monticello is 34.1 years (Minnesota: 38.8).
How long is the commute in Monticello?
The average commute to work in Monticello is 26 minutes; 13.2% of workers work from home.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello is 2.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monticello?
23.5% 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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