Lake Monticello, VA
Population 10,820 · Virginia
About Lake Monticello, VA
Lake Monticello is a mid-sized city in Virginia with a population of 10,820 residents. The median household income is $101,363 per year, which is above the national average. The median age in Lake Monticello is 40.7 years.
Housing in Lake Monticello has a median home value of $288,300 and median monthly rent of $2,167. Of the 4,586 total housing units, the majority are owner-occupied, with 4,100 owner-occupied and 144 renter-occupied units.
The unemployment rate in Lake Monticello is 2.1% and the poverty rate is 7.5%. 49.8% of residents hold a bachelor's degree or higher. The average commute time is 29.6 minutes.
Cost of Living in Lake Monticello, VA
Compared to national averages, Lake Monticello has a median household income of $101,363 (35% above the national median of $75,149). Home values average $288,300, which is 18% above the national median. Monthly rent at $2,167 is 86% above the US average of $1,163. Within Virginia, Lake Monticello's income is 15% above the state average of $87,957, and home values are 12% below the state median of $327,514.
Why Live in Lake Monticello, VA?
Lake Monticello offers a strong local economy with a median household income of $101,363, well above the national average, and a strong job market with an unemployment rate of just 2.1%, and a well-educated community where 49.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 7.5%, better than the national average.
Lake Monticello has a population of 10,820 with a median age of 40.7 years. Compare Lake Monticello with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Lake Monticello
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lake Barcroft | 10,678 | $143,796 | $848,200 | Compare |
| Yorkshire | 10,678 | $107,283 | $424,100 | Compare |
| Gloucester Point | 11,159 | $71,589 | $286,500 | Compare |
| Lowes Island | 11,199 | $220,238 | $777,700 | Compare |
| Madison Heights | 10,398 | $62,727 | $181,300 | Compare |
| Triangle | 11,265 | $114,837 | $520,400 | Compare |
| Loudoun Valley Estates | 10,323 | $229,126 | $773,100 | Compare |
| Independent Hill | 10,217 | $204,500 | $646,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake Monticello
What is the population of Lake Monticello, VA?
The population of Lake Monticello, VA is 10,820 according to the latest Census data.
What is the median household income in Lake Monticello?
The median household income in Lake Monticello, VA is $101,363 per year.
What is the median home value in Lake Monticello?
The median home value in Lake Monticello, VA is $288,300.
What is the average rent in Lake Monticello?
The median monthly rent in Lake Monticello, VA is $2,167.
What is the unemployment rate in Lake Monticello?
The unemployment rate in Lake Monticello, VA is 2.1%.