Monticello, IL
Population 6,332 · Illinois
About Monticello, IL
Monticello is a small community in Illinois with a population of 6,332 residents. The median household income is $88,611 per year, which is above the national average. The median age in Monticello is 42.9 years.
Housing in Monticello has a median home value of $196,000 and median monthly rent of $1,030. Of the 2,817 total housing units, the majority are owner-occupied, with 2,267 owner-occupied and 423 renter-occupied units.
The unemployment rate in Monticello is 2.2% and the poverty rate is 6.1%. 38.4% of residents hold a bachelor's degree or higher. The average commute time is 23 minutes.
Cost of Living in Monticello, IL
Compared to national averages, Monticello has a median household income of $88,611 (18% above the national median of $75,149). Home values average $196,000, which is 20% below the national median. Monthly rent at $1,030 is 11% below the US average of $1,163. Within Illinois, Monticello's income is 18% above the state average of $75,072, and home values are 18% above the state median of $165,779.
Why Live in Monticello, IL?
Monticello offers a strong local economy with a median household income of $88,611, well above the national average, and affordable housing with a median home value of $196,000, below the US average of $244,900, and rent that’s lower than the national average at $1,030/month. Additionally, the city features a strong job market with an unemployment rate of just 2.2%, and a well-educated community where 38.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.1%, better than the national average, and short commute times averaging just 23 minutes.
Monticello has a population of 6,332 with a median age of 42.9 years. Compare Monticello with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Monticello
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Countryside | 6,294 | $78,132 | $330,700 | Compare |
| Johnsburg | 6,374 | $106,827 | $312,200 | Compare |
| Volo | 6,398 | $145,906 | $293,800 | Compare |
| Chillicothe | 6,185 | $62,108 | $128,500 | Compare |
| Braidwood | 6,175 | $83,365 | $205,900 | Compare |
| Pontoon Beach | 6,131 | $59,375 | $137,900 | Compare |
| Geneseo | 6,577 | $65,226 | $196,400 | Compare |
| Mount Zion | 6,076 | $110,786 | $200,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Monticello
What is the population of Monticello, IL?
The population of Monticello, IL is 6,332 according to the latest Census data.
What is the median household income in Monticello?
The median household income in Monticello, IL is $88,611 per year.
What is the median home value in Monticello?
The median home value in Monticello, IL is $196,000.
What is the average rent in Monticello?
The median monthly rent in Monticello, IL is $1,030.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello, IL is 2.2%.