Monticello, FL
Population 2,627 · Florida
About Monticello, FL
Monticello is a small town located in Florida with a population of 2,627 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,920 per year, which is 40% below the national median of $75,149. The median age of 46.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Monticello features a median home value of $192,500, which is 21% below the national median of $244,900. This positions Monticello in a moderately priced market relative to the rest of the country. Median monthly rent is $797, 31% below the national average of $1,163/month. Of the 1,412 total housing units, 61% are owner-occupied (769 units) and 39% are renter-occupied (496 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Monticello shows an unemployment rate of 0.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 19.6%, above the national average of 12.4%. Workers in Monticello have an average one-way commute time of 21.9 minutes.
Education & Demographics
29.5% of Monticello residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.3% White, 0.5% Hispanic or Latino, 0.1% Black or African American, and 0.2% Asian residents, with 1.7% of the population being foreign-born.
How Monticello Ranks in Florida
Cost of Living in Monticello, FL
Compared to national averages, Monticello has a median household income of $44,920 (40% below the national median of $75,149). Home values average $192,500, which is 21% below the national median. Monthly rent at $797 is 31% below the US average of $1,163. Within Florida, Monticello's income is 41% below the state average of $75,893, and home values are 46% below the state median of $353,675.
Why Live in Monticello, FL?
Monticello offers affordable housing with a median home value of $192,500, below the US average of $244,900, and rent that’s lower than the national average at $797/month, and a strong job market with an unemployment rate of just 0.7%. Additionally, the city features short commute times averaging just 21.9 minutes.
Potential considerations include median household income ($44,920) that falls below the national average. However, Monticello’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Monticello has a population of 2,627 with a median age of 46.9 years. Compare Monticello with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Monticello
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Silver Springs | 2,640 | $32,228 | $0 | Compare |
| Silver Lake | 2,610 | $75,709 | $299,000 | Compare |
| Graceville | 2,609 | $33,068 | $106,300 | Compare |
| Eastpoint | 2,602 | $61,327 | $204,400 | Compare |
| Holley | 2,595 | $121,494 | $386,200 | Compare |
| Eatonville | 2,582 | $35,509 | $176,600 | Compare |
| Haverhill | 2,687 | $74,808 | $354,300 | Compare |
| Tropical Park | 2,567 | $29,297 | $226,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Monticello With Other Cities
Frequently Asked Questions about Monticello
What is the population of Monticello, FL?
The population of Monticello, FL is 2,627 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Monticello?
The median household income in Monticello, FL is $44,920 per year, which is 40% below the national median of $75,149.
What is the median home value in Monticello?
The median home value in Monticello, FL is $192,500, which is 21% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Monticello?
The median monthly rent in Monticello, FL is $797, which is 31% below the national average of $1,163/month.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello, FL is 0.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Monticello, FL a good place to live?
Monticello offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,627 and a median age of 46.9, the city appeals to established professionals and retirees.
How educated is Monticello, FL?
29.5% of residents in Monticello aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Monticello?
Key cost-of-living indicators for Monticello, FL: median home value is $192,500 (21% below national), median rent is $797/month, and median household income is $44,920. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Monticello?
The poverty rate in Monticello, FL is 19.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Monticello, FL?
Monticello's population is 0.3% White, 0.5% Hispanic or Latino, 0.1% Black or African American, 0.2% Asian, and 41.1% two or more races. 1.7% of residents are foreign-born.