Monticello, KY
Population 5,741 · Kentucky
About Monticello, KY
Monticello is a small town located in Kentucky with a population of 5,741 residents according to the latest US Census Bureau American Community Survey data. The median household income is $37,733 per year, which is 50% below the national median of $75,149. The median age of 40.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Monticello features a median home value of $125,800, which is 49% below the national median of $244,900. This makes Monticello one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $679, 42% below the national average of $1,163/month. Of the 2,866 total housing units, 54% are owner-occupied (1,297 units) and 46% are renter-occupied (1,085 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 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 34.9%, above the national average of 12.4%. Workers in Monticello have an average one-way commute time of 21.3 minutes.
Education & Demographics
11.7% of Monticello residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 4.0% White, 0.3% Hispanic or Latino, 1.8% Black or African American, and 5.9% Asian residents, with 4.4% of the population being foreign-born.
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
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
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, KY?
The population of Monticello, KY is 5,741 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Kentucky.
What is the median household income in Monticello?
The median household income in Monticello, KY is $37,733 per year, which is 50% below the national median of $75,149.
What is the median home value in Monticello?
The median home value in Monticello, KY is $125,800, which is 49% 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, KY is $679, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello, KY is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Monticello, KY a good place to live?
Monticello offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 5,741 and a median age of 40.2, the city appeals to a broad range of residents.
How educated is Monticello, KY?
11.7% 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, KY: median home value is $125,800 (49% below national), median rent is $679/month, and median household income is $37,733. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Monticello?
The poverty rate in Monticello, KY is 34.9%, 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, KY?
Monticello's population is 4.0% White, 0.3% Hispanic or Latino, 1.8% Black or African American, 5.9% Asian, and 4.2% two or more races. 4.4% of residents are foreign-born.