Monticello, NY
Population 7,252 · New York
About Monticello, NY
Monticello is a small town located in New York with a population of 7,252 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,464 per year, which is 37% below the national median of $75,149. The median age of 33.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Monticello features a median home value of $152,600, which is 38% below the national median of $244,900. This positions Monticello in a moderately priced market relative to the rest of the country. Median monthly rent is $977, 16% below the national average of $1,163/month. Of the 3,375 total housing units, 28% are owner-occupied (789 units) and 72% are renter-occupied (2,051 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Monticello shows an unemployment rate of 8.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 29.5%, above the national average of 12.4%. Workers in Monticello have an average one-way commute time of 22.8 minutes.
Education & Demographics
19.5% 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 1.8% White, 5.1% Hispanic or Latino, 22.9% Black or African American, and 15.5% Asian residents, with 16.8% of the population being foreign-born.
Cost of Living in Monticello, NY
Compared to national averages, Monticello has a median household income of $47,464 (37% below the national median of $75,149). Home values average $152,600, which is 38% below the national median. Monthly rent at $977 is 16% below the US average of $1,163. Within New York, Monticello's income is 51% below the state average of $96,987, and home values are 61% below the state median of $387,181.
Why Live in Monticello, NY?
Monticello offers affordable housing with a median home value of $152,600, below the US average of $244,900, and rent that’s lower than the national average at $977/month, and short commute times averaging just 22.8 minutes.
Potential considerations include median household income ($47,464) 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 7,252 with a median age of 33.8 years. Compare Monticello with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Monticello
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| East Hills | 7,249 | $250,001 | $1,371,600 | Compare |
| Pelham | 7,247 | $179,561 | $891,900 | Compare |
| Scotia | 7,260 | $74,185 | $182,800 | Compare |
| North Patchogue | 7,243 | $104,698 | $421,800 | Compare |
| East Shoreham | 7,279 | $165,789 | $542,000 | Compare |
| Canton | 7,222 | $62,438 | $182,900 | Compare |
| Carmel | 7,222 | $126,224 | $491,300 | Compare |
| Sound Beach | 7,207 | $140,797 | $384,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Monticello, NY is 7,252 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Monticello?
The median household income in Monticello, NY is $47,464 per year, which is 37% below the national median of $75,149.
What is the median home value in Monticello?
The median home value in Monticello, NY is $152,600, which is 38% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Monticello?
The median monthly rent in Monticello, NY is $977, which is 16% below the national average of $1,163/month.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello, NY is 8.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Monticello, NY a good place to live?
Monticello offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 7,252 and a median age of 33.8, the city appeals to young professionals and families.
How educated is Monticello, NY?
19.5% 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, NY: median home value is $152,600 (38% below national), median rent is $977/month, and median household income is $47,464. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Monticello?
The poverty rate in Monticello, NY is 29.5%, 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, NY?
Monticello's population is 1.8% White, 5.1% Hispanic or Latino, 22.9% Black or African American, 15.5% Asian, and 19.6% two or more races. 16.8% of residents are foreign-born.