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The total population of Monticello is estimated to be 5,488 with 2,645 males (48.20%) and 2,843 females (51.80%). There are 198 more females than males in Monticello.
The median household income in Monticello was $50,637 in 2021, which marked an an increase of 2,405(4.99%) from $48,232 in 2020. This income is 67.87% 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, Monticello sees its highest median household income among householders in the age group of 45 to 64 years old, at $81,193. Overall, the median household income for the city of Monticello stands at $50,637.
In Monticello, the median income for all workers aged 15 years and older, regardless of work hours, was $33,599 for males and $23,884 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,229 for males and $35,773 for females.
In Monticello, population is primarily represented by White households, reporting a median income of $49,710.
In 2022, the population of Monticello was 5,483, a 0.35% decrease year-by-year from 2021. Previously, in 2021, Monticello's population was 5,502, a decline of 0.11% compared to a population of 5,508 in 2020.
The median age in Monticello, IN is 45.3, as per 2021 ACS 5-Year Estimates. Of the total population, 15.43% were under the age of 15, 19.03% aged 15 to 29, 39.20% aged 30 to 64, 18.61% aged 65 to 84, and 7.73% were 85 years of age and older.
Racial distribution of Monticello population: 89.03% are White, 0.49% are Black or African American, 8.37% are some other race and 2.11% are multiracial.