Monticello city, Indiana Demographics & Population 2026
As of 2026, Monticello city, Indiana has a total population of 5,504, the 122nd largest city in Indiana, with a median household income of $50,138, which is 28% lower than the state average. The poverty rate is 12.2%.
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.4x.
- Unemployment rate of 8.3% is notably above the national average.
Monticello city Quick Facts
How Monticello city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Monticello city Rankings in Indiana
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Cities Similar to Monticello city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Lawrenceburg city | 5,155 | $52,778 | $191,400 | 26.7% | 10.7% |
| Westville town | 5,291 | $59,732 | $152,000 | 5.3% | 9.5% |
| Rensselaer city | 5,369 | $61,648 | $149,100 | 17.7% | 7.5% |
| Linton city | 5,153 | $41,968 | $86,800 | 14.9% | 19.1% |
| Alexandria city | 5,145 | $60,616 | $92,700 | 15.1% | 12.3% |
Population Overview
Monticello city is a small city located in Indiana. The total population is 5,504. It ranks as the 122nd most populous out of 967 cities and towns in Indiana.
Age Demographics
The median age in Monticello city is 46.9 years. This is 23% higher than the state median of 38.0 years. 15.7% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Monticello city is $50,138. This is 28% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 36% lower. The poverty rate stands at 12.2%. This is about average than the state poverty rate of 12.2%. The unemployment rate is 8.3%. This is 93% higher than the state rate of 4.3%. The median home value is $122,200. Housing costs are 39% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.4x, Monticello city is one of the most affordable housing markets in the area. 61.4% of occupied housing units are owner-occupied. This homeownership rate is 13% lower than the state average of 70.3%.
Race & Ethnicity
Monticello city has a predominantly White (non-Hispanic) population, comprising 87.8% of all residents. Hispanic or Latino residents account for 11.4%. The Black or African American population (0.2%) is well below the state average of 9.1%.
Education
11.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 59% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.3%.
Data Sources & Methodology
All demographic data for Monticello city, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Monticello city, Indiana?
Monticello city, Indiana has a population of 5,504 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Monticello city, IN?
The median household income in Monticello city is $50,138, which is 36% lower the national median of $78,538.
What is the poverty rate in Monticello city, IN?
The poverty rate in Monticello city is 12.2%. This means approximately 633 residents live below the federal poverty line.
What is the racial makeup of Monticello city, Indiana?
Monticello city's population is 87.8% White, 0.2% Black, 11.4% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Monticello city, IN?
The median home value in Monticello city is $122,200. The home-value-to-income ratio is 2.4x.
How educated is Monticello city, Indiana?
11.9% of adults (25+) in Monticello city hold a bachelor's degree or higher, and 2.9% hold a graduate or professional degree.