Monticello, KY
Population 5,741 · Kentucky
About Monticello, KY
Monticello is a small community in Kentucky with a population of 5,741 residents. The median household income is $37,733 per year, which is below the national average. The median age in Monticello is 40.2 years.
Housing in Monticello has a median home value of $125,800 and median monthly rent of $679. Of the 2,866 total housing units, the majority are owner-occupied, with 1,297 owner-occupied and 1,085 renter-occupied units.
The unemployment rate in Monticello is 4.1% and the poverty rate is 34.9%. 11.7% of residents hold a bachelor's degree or higher. The average commute time is 21.3 minutes.
Cost of Living in Monticello, KY
Compared to national averages, Monticello has a median household income of $37,733 (50% below the national median of $75,149). Home values average $125,800, which is 49% below the national median. Monthly rent at $679 is 42% below the US average of $1,163. Within Kentucky, Monticello's income is 43% below the state average of $66,273, and home values are 31% below the state median of $182,504.
Why Live in Monticello, KY?
Monticello offers affordable housing with a median home value of $125,800, below the US average of $244,900, and rent that’s lower than the national average at $679/month, and short commute times averaging just 21.3 minutes.
Potential considerations include median household income ($37,733) 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 5,741 with a median age of 40.2 years. Compare Monticello with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Monticello
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Central City | 5,736 | $49,025 | $140,700 | Compare |
| Dayton | 5,703 | $62,500 | $144,100 | Compare |
| Fort Wright | 5,882 | $100,647 | $305,500 | Compare |
| Bellevue | 5,598 | $67,143 | $186,200 | Compare |
| Walton | 5,513 | $76,375 | $226,200 | Compare |
| Wilmore | 6,031 | $64,245 | $210,700 | Compare |
| Douglass Hills | 5,437 | $92,826 | $331,500 | Compare |
| Princeton | 6,242 | $51,875 | $89,700 | Compare |
Demographics
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Economy & Education
Housing
Other Cities in Kentucky
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, KY?
The population of Monticello, KY is 5,741 according to the latest Census data.
What is the median household income in Monticello?
The median household income in Monticello, KY is $37,733 per year.
What is the median home value in Monticello?
The median home value in Monticello, KY is $125,800.
What is the average rent in Monticello?
The median monthly rent in Monticello, KY is $679.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello, KY is 4.1%.