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The total population of Monticello is estimated to be 14,447 with 7,141 males (49.43%) and 7,306 females (50.57%). There are 165 more females than males in Monticello.
The median household income in Monticello was $79,610 in 2021, which marked an a decrease of 1,295(1.60%) from $80,905 in 2020. This income is 106.71% 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 $92,165. Overall, the median household income for the city of Monticello stands at $79,610.
In Monticello, the median income for all workers aged 15 years and older, regardless of work hours, was $55,234 for males and $35,146 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $68,608 for males and $48,390 for females.
In Monticello, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $142,884, while Some Other Race households represent the opposite end with the lowest median household income of $62,632.
In 2022, the population of Monticello was 14,804, a 1.38% increase year-by-year from 2021. Previously, in 2021, Monticello's population was 14,603, an increase of 0.86% compared to a population of 14,478 in 2020.
The median age in Monticello, MN is 34.8, as per 2021 ACS 5-Year Estimates. Of the total population, 22.67% were under the age of 15, 20.46% aged 15 to 29, 46.98% aged 30 to 64, 8.56% aged 65 to 84, and 1.33% were 85 years of age and older.
Racial distribution of Monticello population: 90.88% are White, 0.44% are Black or African American, 0.47% are American Indian and Alaska Native, 0.82% are Asian, 5.44% are some other race and 1.95% are multiracial.