Monticello, UT
Population 1,941 · Utah
About Monticello, UT
Monticello is a small town located in Utah with a population of 1,941 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,750 per year, which is 15% below the national median of $75,149. The median age of 37.6 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 $307,900, which is 26% above 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 $1,065, 8% below the national average of $1,163/month. Of the 732 total housing units, 78% are owner-occupied (512 units) and 22% are renter-occupied (143 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Monticello shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Monticello have an average one-way commute time of 20.8 minutes.
Education & Demographics
22.7% 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 6.4% White, 4.5% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Monticello, UT
Compared to national averages, Monticello has a median household income of $63,750 (15% below the national median of $75,149). Home values average $307,900, which is 26% above the national median. Monthly rent at $1,065 is 8% below the US average of $1,163. Within Utah, Monticello's income is 28% below the state average of $88,715, and home values are 28% below the state median of $426,386.
Why Live in Monticello, UT?
Monticello offers rent that’s lower than the national average at $1,065/month, and a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 5.7%, better than the national average. Additionally, the city features short commute times averaging just 20.8 minutes.
Potential considerations include median household income ($63,750) 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 1,941 with a median age of 37.6 years. Compare Monticello with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Monticello
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Coalville | 1,915 | $85,921 | $455,000 | Compare |
| Marriott-Slaterville | 1,885 | $89,602 | $495,700 | Compare |
| Willard | 2,008 | $91,875 | $389,600 | Compare |
| Panguitch | 1,871 | $75,283 | $249,300 | Compare |
| Benson | 1,864 | $82,019 | $281,400 | Compare |
| Millville | 1,820 | $90,417 | $407,000 | Compare |
| Oakley | 1,812 | $102,143 | $631,200 | Compare |
| Francis | 1,797 | $113,500 | $700,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Utah
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, UT?
The population of Monticello, UT is 1,941 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Utah.
What is the median household income in Monticello?
The median household income in Monticello, UT is $63,750 per year, which is 15% below the national median of $75,149.
What is the median home value in Monticello?
The median home value in Monticello, UT is $307,900, which is 26% above 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, UT is $1,065, which is 8% below the national average of $1,163/month.
What is the unemployment rate in Monticello?
The unemployment rate in Monticello, UT is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Monticello, UT a good place to live?
Monticello offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 1,941 and a median age of 37.6, the city appeals to a broad range of residents.
How educated is Monticello, UT?
22.7% 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, UT: median home value is $307,900 (26% above national), median rent is $1,065/month, and median household income is $63,750. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Monticello?
The poverty rate in Monticello, UT is 5.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Monticello, UT?
Monticello's population is 6.4% White, 4.5% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.5% two or more races. 0.8% of residents are foreign-born.