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The total population of Montevideo is estimated to be 5,350 with 2,801 males (52.36%) and 2,549 females (47.64%). There are 252 less females than males in Montevideo.
The median household income in Montevideo was $57,732 in 2021, which marked an a decrease of 1,138(1.93%) from $58,870 in 2020. This income is 77.38% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Montevideo sees its highest median household income among householders in the age group of 25 to 44 years old, at $65,850. Overall, the median household income for the city of Montevideo stands at $57,732.
In Montevideo, the median income for all workers aged 15 years and older, regardless of work hours, was $39,155 for males and $27,836 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $44,854 for males and $42,134 for females.
In Montevideo, there are just two different racial groups among households. Among these, White households report a median household income of $59,788, while Some Other Race households have a median household income of $40,052.
In 2022, the population of Montevideo was 5,300, a 0.17% decrease year-by-year from 2021. Previously, in 2021, Montevideo's population was 5,309, a decline of 1.85% compared to a population of 5,409 in 2020.
The median age in Montevideo, MN is 42.7, as per 2021 ACS 5-Year Estimates. Of the total population, 18.28% were under the age of 15, 17.93% aged 15 to 29, 43.49% aged 30 to 64, 15.34% aged 65 to 84, and 4.96% were 85 years of age and older.
Racial distribution of Montevideo population: 83.68% are White, 2.29% are Black or African American, 1.25% are American Indian and Alaska Native, 2.01% are Asian, 10.28% are some other race and 0.49% are multiracial.