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The total population of Monticello is estimated to be 5,770 with 2,768 males (47.97%) and 3,002 females (52.03%). There are 234 more females than males in Monticello.
The median household income in Monticello was $43,752 in 2021, which marked an an increase of 1,876(4.48%) from $41,876 in 2020. This income is 58.64% 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 25 to 44 years old, at $54,814. Overall, the median household income for the city of Monticello stands at $43,752.
In Monticello, the median income for all workers aged 15 years and older, regardless of work hours, was $23,447 for males and $19,416 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $33,576 for males and $32,930 for females.
In Monticello, there are just three different racial groups among households. Among these, White households report a median household income of $45,058, followed by Two or More Races households at $30,401, and Some Other Race households with a median household income of $24,162.
In 2022, the population of Monticello was 5,755, a 0.30% increase year-by-year from 2021. Previously, in 2021, Monticello's population was 5,738, a decline of 0.10% compared to a population of 5,744 in 2020.
The median age in Monticello, KY is 38.7, as per 2021 ACS 5-Year Estimates. Of the total population, 13.82% were under the age of 15, 20.29% aged 15 to 29, 49.46% aged 30 to 64, 12.14% aged 65 to 84, and 4.29% were 85 years of age and older.
Racial distribution of Monticello population: 85.56% are White, 3.18% are Black or African American, 0.29% are American Indian and Alaska Native, 7.32% are some other race and 3.65% are multiracial.