Pros and Cons of Living In Monticello, Minnesota. Is Monticello, MN a Nice Place To Live or Retire?

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Monticello, Minnesota

Moving to Monticello In Minnesota ? Is Monticello, MN a Nice Place To Live? Pros and Cons of Living in Monticello, Minnesota. Find out the best and worst about to live, raise a family or retire in Monticello.

Monticello ( MON-tiss-EL-oh) is a city next to the Mississippi River in Wright County, Minnesota, United States. The population was 14,455 at the 2020 census.

DEMOGRAPHICS

Population
13700
Unemployment
2.8%
40% NAT AVG.
Poverty
9.5%
32% NAT AVG.
Cost Of Living
105
5% NAT AVG.

ECONOMICS

Median Home Cost
$215600
6% NAT AVG.
Median Income
$71399
6% NAT AVG.
Median Rent
$1094
6% NAT AVG.
Overall Score
6

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 11
Unemployed People
1 in 36
People Earning < $10,000
1 in 16
People Earning < $50,000
31.2%
People With Any Degree
1 in 2.9

ETHNICITY

Ethnicity Monticello USA
White 84.6% 60.1%
African American 1.2% 12.2%
American Indian 0.4% 0.6%
Asian 2.6% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.1% 2.8%
Hispanic 8.1% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Monticello USA
Less than $10,000 6.3% 5.8%
$10,000 to $14,999 1.6% 4.1%
$15,000 to $24,999 7.7% 8.5%
$25,000 to $34,999 4.1% 8.6%
$35,000 to $49,999 11.5% 12.0%
$50,000 to $74,999 22.9% 17.2%
$75,000 to $99,999 15.4% 12.8%
$100,000 to $149,999 24.2% 15.6%
$150,000 to $199,999 5.9% 7.1%

EDUCATION

Education Monticello USA
< 9th Grade 2% 5.0%
9-12th Grade 10% 7.0%
High School or GED 35% 27.0%
Other College 19% 20.0%
Associate's Degree 13% 9%
Bachelor's Degree 15% 20.0%
Master's Degree 5% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 0% 1.0%
Monticello is a city in Minnesota state in USA with a population of 13700 residents.. The poverty rate of Monticello is 9.5%, which is 32% lower than national average. The typical household in Monticello earns $71399 a year, compared to the national median of $67,500. Nearly 31.2% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Monticello remained 2.8%, which is 40% lower than national rate.

Cost of living in Monticello is 105, which is 5% higher than national average. In Monticello, only 21% of adults have a bachelor's degree and 32% have some college but no degree. Median home value in Monticello is $215600 , which is 6% lower than national average. While median income in Monticello remained $71399, which is 6% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Monticello Scorecard

Jobs85%

Housing80%

Affordability80%

Safety85%

Amenities85%

Diversity70%

Education60%

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