Monticello, MS
Population 1,277 · Mississippi
About Monticello, MS
Monticello is a small town located in Mississippi with a population of 1,277 residents according to the latest US Census Bureau American Community Survey data. The median household income is $28,920 per year, which is 62% below the national median of $75,149. The median age of 41.4 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 $114,200, which is 53% 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 $394, 66% below the national average of $1,163/month. Of the 789 total housing units, 68% are owner-occupied (369 units) and 32% are renter-occupied (172 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Monticello shows an unemployment rate of 10.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 30.2%, above the national average of 12.4%. Workers in Monticello have an average one-way commute time of 34.8 minutes.
Education & Demographics
20.2% 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 0.0% White, 3.8% Hispanic or Latino, 0.0% Black or African American, and 2.5% Asian residents, with 0.0% of the population being foreign-born.
How Monticello Ranks in Mississippi
Cost of Living in Monticello, MS
Compared to national averages, Monticello has a median household income of $28,920 (62% below the national median of $75,149). Home values average $114,200, which is 53% below the national median. Monthly rent at $394 is 66% below the US average of $1,163. Within Mississippi, Monticello's income is 42% below the state average of $49,929, and home values are 9% below the state median of $125,705.
Why Live in Monticello, MS?
Monticello offers affordable housing with a median home value of $114,200, below the US average of $244,900, and rent that’s lower than the national average at $394/month.
Potential considerations include median household income ($28,920) 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 1,277 with a median age of 41.4 years. Compare Monticello with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near Monticello
Cities in Mississippi with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Caledonia | 1,283 | $81,741 | $175,000 | Compare |
| Mount Olive | 1,268 | $0 | $57,100 | Compare |
| Coldwater | 1,293 | $41,484 | $85,400 | Compare |
| Nellieburg | 1,297 | $24,227 | $120,200 | Compare |
| Robinhood | 1,304 | $59,706 | $85,300 | Compare |
| Hurley | 1,305 | $67,051 | $215,600 | Compare |
| Vaiden | 1,311 | $22,273 | $47,000 | Compare |
| Goodman | 1,237 | $14,722 | $37,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Mississippi
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, MS?
The population of Monticello, MS is 1,277 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Mississippi.
What is the median household income in Monticello?
The median household income in Monticello, MS is $28,920 per year, which is 62% below the national median of $75,149.
What is the median home value in Monticello?
The median home value in Monticello, MS is $114,200, which is 53% 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, MS is $394, which is 66% below the national average of $1,163/month.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello, MS is 10.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Monticello, MS a good place to live?
Monticello offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,277 and a median age of 41.4, the city appeals to a broad range of residents.
How educated is Monticello, MS?
20.2% 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, MS: median home value is $114,200 (53% below national), median rent is $394/month, and median household income is $28,920. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Monticello?
The poverty rate in Monticello, MS is 30.2%, 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, MS?
Monticello's population is 0.0% White, 3.8% Hispanic or Latino, 0.0% Black or African American, 2.5% Asian, and 26.5% two or more races. 0.0% of residents are foreign-born.