Living in Monticello, Mississippi
Cost of living, income, home prices, rent and demographics of Monticello · Census data 2020–2024
Monticello has 1,351 residents with a median age of 41.1. The median household income is $34,250 (39% lower than the Mississippi median), the median home value is $126,700, the median rent is $558/month.
Monticello is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Monticello at a glance
- Population
- 1,351
- Median age
- 41.1State: 38.6
- Median household income
- $34,250State: $56,447
- Median home value
- $126,700State: $169,800
- Median rent
- $558/moState: $954
- Homeowners
- 62%
- Bachelor's degree or higher
- 17.5%
- Average commute
- 34 min
Is Monticello a good place to live?
Pros: Home values 25% lower than the state median.
Cons: Median household income 39% lower than the Mississippi median; an average commute of 34 minutes; unemployment of 9.8%; a poverty rate of 25.4%.
The weather is best in March–April and October–November.
Cost of living in Monticello
Housing is the biggest part of the cost of living. In Monticello the median home value is $126,700, 62% lower than the U.S. median. Renters pay a median of $558 per month, which is 19.1% of household income. Homeowners with a mortgage pay $855 a month in housing costs.
Monticello median household income
The median household income in Monticello is $34,250 and the income per person is $31,091. 25.4% of residents live below the poverty line (Mississippi: 18.9%).
Housing in Monticello: homes for sale and rent
- Housing units
- 716
- Owner-occupied
- 62%
- Renter-occupied
- 38%
- Vacant
- 28.4%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.55
Monticello demographics
- Population
- 1,351
- Median age
- 41.1
- Under 18
- 24%
- 65 and older
- 19.8%
- Households
- 513
- Foreign-born
- 0%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Monticello ›
Education in Monticello
17.5% of adults 25 and older in Monticello have a bachelor's degree or higher (Mississippi: 25.1%), and 5.8% have a graduate or professional degree.
Jobs and commute in Monticello
- Unemployment rate
- 9.8%State: 5.8%
- Average commute
- 34 minState: 26 min
- Work from home
- 0%
- Drive alone
- 91.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 81.1%
Monticello vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monticello | 1,351 | $34,250 | $126,700 | $558 |
| Silver Creek | 175 | $36,875 | $114,300 | — |
| Prentiss | 938 | $30,667 | $76,100 | $822 |
| New Hebron | 506 | $65,000 | $98,800 | $927 |
| Wesson | 2,250 | $65,179 | $168,500 | $1,125 |
| Brookhaven | 11,650 | $36,685 | $121,900 | $740 |
| Beauregard | 419 | $53,333 | $87,000 | $1,121 |
| Georgetown | 220 | $20,625 | $97,000 | $383 |
| Bassfield | 196 | $35,795 | $73,200 | $1,018 |
More for people moving to Monticello
Monticello ZIP code ›Weather and climate ›Living in Monticello: FAQ
What is the median household income in Monticello, MS?
The median household income in Monticello is $34,250, 39% lower than the Mississippi median of $56,447 (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 $126,700, compared with $169,800 in Mississippi.
How much is rent in Monticello?
The median gross rent in Monticello is $558 per month, about 19.1% of household income.
Is Monticello, MS a good place to live?
Pluses: home values 25% lower than the state median. Minuses: median household income 39% lower than the Mississippi median; an average commute of 34 minutes; unemployment of 9.8%; a poverty rate of 25.4%.
What is the median age in Monticello?
The median age in Monticello is 41.1 years (Mississippi: 38.6).
How long is the commute in Monticello?
The average commute to work in Monticello is 34 minutes; 0% of workers work from home.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello is 9.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monticello?
17.5% 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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