Living in Monticello, New York
Cost of living, income, home prices, rent and demographics of Monticello · Census data 2020–2024
Monticello has 7,279 residents with a median age of 35.9. The median household income is $50,583 (41% lower than the New York median), the median home value is $172,000, the median rent is $1,166/month.
Monticello at a glance
- Population
- 7,279
- Median age
- 35.9State: 39.8
- Median household income
- $50,583State: $85,974
- Median home value
- $172,000State: $423,800
- Median rent
- $1,166/moState: $1,621
- Homeowners
- 20.1%
- Bachelor's degree or higher
- 12.1%
- Average commute
- 22 min
Is Monticello a good place to live?
Pros: Home values 59% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 41% lower than the New York median; unemployment of 8.6%; a poverty rate of 29.7%.
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 $172,000, 48% lower than the U.S. median. Renters pay a median of $1,166 per month, which is 31.4% of household income. Homeowners with a mortgage pay $2,059 a month in housing costs.
Monticello median household income
The median household income in Monticello is $50,583 and the income per person is $26,244. 29.7% of residents live below the poverty line (New York: 14%).
Housing in Monticello: homes for sale and rent
- Housing units
- 3,718
- Owner-occupied
- 20.1%
- Renter-occupied
- 79.9%
- Vacant
- 18.2%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 2.28
Monticello demographics
- Population
- 7,279
- Median age
- 35.9
- Under 18
- 22.3%
- 65 and older
- 16.3%
- Households
- 3,040
- Foreign-born
- 23.4%
- Veterans
- 3.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Monticello ›
Education in Monticello
12.1% of adults 25 and older in Monticello have a bachelor's degree or higher (New York: 40.2%), and 3.1% have a graduate or professional degree.
Jobs and commute in Monticello
- Unemployment rate
- 8.6%State: 6.4%
- Average commute
- 22 minState: 33 min
- Work from home
- 8%
- Drive alone
- 73.7%
- Public transit
- 0.7%
- Walk to work
- 6%
- Homes with broadband
- 85.3%
Monticello vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monticello | 7,279 | $50,583 | $172,000 | $1,166 |
| South Fallsburg | 1,914 | $44,706 | $375,000 | $975 |
| Mongaup Valley | 235 | $115,111 | — | — |
| Rock Hill | 2,546 | $112,344 | $402,700 | $1,723 |
| Hurleyville | 1,061 | $85,846 | $353,300 | $1,051 |
| Smallwood | 693 | $65,186 | $162,100 | — |
| Fallsburg | 1,865 | $56,056 | — | — |
| Woodridge | 955 | $61,298 | $207,300 | $1,155 |
| Kauneonga Lake | 461 | $176,000 | $181,500 | — |
More for people moving to Monticello
Monticello ZIP code ›Weather and climate ›Living in Monticello: FAQ
What is the median household income in Monticello, NY?
The median household income in Monticello is $50,583, 41% lower than the New York median of $85,974 (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 $172,000, compared with $423,800 in New York.
How much is rent in Monticello?
The median gross rent in Monticello is $1,166 per month, about 31.4% of household income.
Is Monticello, NY a good place to live?
Pluses: home values 59% lower than the state median; an average commute of 22 minutes. Minuses: median household income 41% lower than the New York median; unemployment of 8.6%; a poverty rate of 29.7%.
What is the median age in Monticello?
The median age in Monticello is 35.9 years (New York: 39.8).
How long is the commute in Monticello?
The average commute to work in Monticello is 22 minutes; 8% of workers work from home.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello is 8.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monticello?
12.1% 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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