Monticello, MN
Population 14,607 · Minnesota
About Monticello, MN
Monticello is a mid-sized city in Minnesota with a population of 14,607 residents. The median household income is $81,563 per year, which is above the national average. The median age in Monticello is 33.7 years.
Housing in Monticello has a median home value of $298,400 and median monthly rent of $1,462. Of the 5,565 total housing units, the majority are owner-occupied, with 3,557 owner-occupied and 1,920 renter-occupied units.
The unemployment rate in Monticello is 2.2% and the poverty rate is 8.8%. 23.5% of residents hold a bachelor's degree or higher. The average commute time is 28.6 minutes.
Cost of Living in Monticello, MN
Compared to national averages, Monticello has a median household income of $81,563 (9% above the national median of $75,149). Home values average $298,400, which is 22% above the national median. Monthly rent at $1,462 is 26% above the US average of $1,163. Within Minnesota, Monticello's income is 10% above the state average of $74,221, and home values are 46% above the state median of $204,472.
Why Live in Monticello, MN?
Monticello offers a strong local economy with a median household income of $81,563, well above the national average, and a strong job market with an unemployment rate of just 2.2%, and a low poverty rate of 8.8%, better than the national average.
Monticello has a population of 14,607 with a median age of 33.7 years. Compare Monticello with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Monticello
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hutchinson | 14,629 | $71,730 | $210,300 | Compare |
| Alexandria | 14,579 | $61,558 | $247,200 | Compare |
| Brainerd | 14,474 | $53,705 | $178,600 | Compare |
| Robbinsdale | 14,318 | $84,719 | $280,400 | Compare |
| North Mankato | 14,212 | $77,571 | $252,700 | Compare |
| Fergus Falls | 14,138 | $50,865 | $173,300 | Compare |
| New Ulm | 14,066 | $63,984 | $192,700 | Compare |
| Marshall | 13,880 | $64,636 | $198,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
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, MN?
The population of Monticello, MN is 14,607 according to the latest Census data.
What is the median household income in Monticello?
The median household income in Monticello, MN is $81,563 per year.
What is the median home value in Monticello?
The median home value in Monticello, MN is $298,400.
What is the average rent in Monticello?
The median monthly rent in Monticello, MN is $1,462.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello, MN is 2.2%.