Monticello, IN Profile: Facts & Data

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Monticello, Indiana - Basic Facts

The City of Monticello had a population of 5,217 as of July 1, 2019. Monticello ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Monticello is located at latitude 40.7453 and longitude -86.7647 in White County. The formal boundaries for the City of Monticello encompass a land area of 3.46 sq. miles and a water area of 0.22 sq. miles. White County is in the Eastern time zone (GMT -5). The elevation is 676 feet.

The City of Monticello (GNIS ID: 2395383) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Monticello is located within Township of Union, a minor civil division (MCD) of White County.


Jump to... (On This Page!)
  1. Monticello 2019 Demographic Data
  2. Growth Rates for Monticello (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Monticello, IN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Monticello, IN Housing Affordability Index is 242
State of Indiana Housing Affordability Index is 180
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Monticello, IN Wealth Index is 47
State of Indiana Wealth Index is 81
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Indiana COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 5,217 (100%)
Population in Households 5,028 (96.4%)
Population in Families 3,851 (73.8%)
Population in Group Quarters1 189 ( 3.6%)
Population Density 1,507
Diversity Index2 45
 

INCOME

Median Household Income $42,918
Average Household Income $53,791
Per Capita Income $22,405
Wealth Index4 47

HOUSING

Total Housing Units 2,494 (100%)
Owner Occupied HU 1,304 (52.3%)
Renter Occupied HU 800 (32.1%)
Vacant Housing Units 390 (15.6%)
Median Home Value $93,525
Housing Affordability Index3 242
 

HOUSEHOLDS

Total Households 2,104
Average Household Size 2.39
Family Households 1,249
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.33% -0.34%
Households -0.38% -0.37%
Families -0.59% -0.52%
Median Household Income   2.47%
Per Capita Income   2.23%

Monticello, IN - Peer Comparisons by Rank and Percentile

The table below compares Monticello to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 127 81st
Population Density # 263 61st
Diversity Index # 51 93rd
Median Household Income # 558 18th
Per Capita Income # 519 24th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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