The median household income in Monticello, MN in 2022 was $72,978, which was 12.8% less than the median annual income of $82,338 across the entire state of Minnesota. Compared to the median income of $45,384 in 2000 this represents an increase of 37.8%. The per capita income in 2022 was $34,305, which means an increase of 43.9% compared to 2000 when it was $19,229.
Whole page based on the data from 2000 / 2022 when the population of Monticello, Minnesota was 7,868 / 15,000
Income statistics for all residents
Median household income in Monticello, MN in 2022:
Monticello:
$72,978
Minnesota:
$82,338
Change in median household income between 2000 and 2022:
Monticello, Minnesota:
+60.8%
Minnesota:
+74.8%
Number of households with income < $10k:
Monticello:
10.2% (628)
Minnesota:
4.3% (100,518)
Number of households with income $10k - 20k:
Monticello:
2.1% (131)
State:
5.6% (130,945)
Number of households with income $20k - 30k:
Monticello:
5.8% (355)
State:
6.1% (140,637)
Number of households with income $30k - 40k:
Monticello:
3.8% (235)
State:
6.5% (151,862)
Number of households with income $40k - 50k:
Monticello:
10.2% (625)
State:
6.7% (154,930)
Number of households with income $50k - 60k:
Monticello:
10.0% (613)
State:
6.9% (159,181)
Number of households with income $60k - 75k:
Monticello:
10.7% (656)
State:
9.4% (218,220)
Number of households with income $75k - 100k:
Monticello:
15.5% (953)
State:
13.8% (319,951)
Number of households with income $100k - 125k:
Monticello:
8.8% (539)
State:
10.8% (251,243)
Number of households with income $125k - 150k:
Monticello:
9.7% (598)
State:
8.2% (190,349)
Number of households with income $150k - 200k:
Monticello:
10.5% (646)
Minnesota:
10.2% (236,018)
Number of households with income > $200k:
Monticello:
2.7% (164)
Minnesota:
11.6% (268,336)
Aggregate household income in Monticello in 2022: $509,216,097
Median family income in Monticello in 2022:
Monticello:
$96,132
State:
$105,324
Number of families with income < $10k:
Monticello:
4.2% (148)
Minnesota:
2.2% (31,728)
Number of families with income $10k - 20k:
Monticello:
1.3% (45)
State:
2.5% (36,635)
Number of families with income $20k - 30k:
Monticello:
2.1% (74)
Minnesota:
3.5% (50,742)
Number of families with income $30k - 40k:
Monticello:
2.8% (100)
Minnesota:
4.4% (64,281)
Number of families with income $40k - 50k:
Monticello:
6.4% (227)
State:
5.2% (76,436)
Number of families with income $50k - 60k:
Monticello:
8.2% (290)
State:
5.7% (83,050)
Number of families with income $60k - 75k:
Monticello:
10.7% (378)
State:
8.8% (127,783)
Number of families with income $75k - 100k:
Monticello:
17.7% (626)
Minnesota:
14.7% (214,426)
Number of families with income $100k - 125k:
Monticello:
13.4% (475)
Minnesota:
13.1% (190,094)
Number of families with income $125k - 150k:
Monticello:
16.1% (570)
State:
10.3% (149,830)
Number of families with income $150k - 200k:
Monticello:
13.9% (489)
State:
13.6% (197,479)
Number of families with income > $200k:
Monticello:
3.1% (109)
Minnesota:
16.1% (233,828)
Median non-family income in Monticello in 2022:
Monticello:
$47,134
State:
$48,461
Change in median non-family income between 2000 and 2022:
Monticello, Minnesota:
+73.1%
State:
+73.6%
Median per capita income in Monticello in 2022:
Monticello:
$34,305
State:
$45,021
Change in median per capita income between 2000 and 2022:
Monticello, Minnesota:
+78.4%
State:
+94.1%
Income statistics for White residents
Median household income in Monticello, MN in 2022:
Monticello:
$73,042
Minnesota:
$85,697
Change in median household income between 2000 and 2022:
Monticello, Minnesota:
+59.5%
Minnesota:
+77.5%
Number of households with income < $10k:
Monticello:
10.2% (548)
State:
3.9% (74,145)
Number of households with income $10k - 20k:
Monticello:
2.2% (118)
State:
5.1% (97,289)
Number of households with income $20k - 30k:
Monticello:
6.4% (344)
State:
5.8% (111,536)
Number of households with income $30k - 40k:
Monticello:
4.1% (221)
Minnesota:
6.2% (118,402)
Number of households with income $40k - 50k:
Monticello:
11.4% (613)
State:
6.6% (126,331)
Number of households with income $50k - 60k:
Monticello:
9.6% (515)
State:
6.8% (129,961)
Number of households with income $60k - 75k:
Monticello:
9.7% (523)
State:
9.4% (181,337)
Number of households with income $75k - 100k:
Monticello:
14.9% (799)
State:
13.8% (265,776)
Number of households with income $100k - 125k:
Monticello:
9.1% (489)
State:
11.2% (214,803)
Number of households with income $125k - 150k:
Monticello:
8.5% (457)
State:
8.6% (164,715)
Number of households with income $150k - 200k:
Monticello:
11.0% (593)
State:
10.6% (203,283)
Number of households with income > $200k:
Monticello:
2.9% (155)
State:
12.2% (233,694)
Aggregate household income in Monticello in 2022: $446,021,355
Median family income in Monticello in 2022:
Monticello:
$93,382
State:
$110,049
Number of families with income < $10k:
Monticello:
3.3% (101)
State:
1.5% (17,407)
Number of families with income $10k - 20k:
Monticello:
1.7% (53)
State:
1.9% (22,955)
Number of families with income $20k - 30k:
Monticello:
2.4% (73)
Minnesota:
2.9% (34,913)
Number of families with income $30k - 40k:
Monticello:
2.5% (76)
State:
3.7% (44,598)
Number of families with income $40k - 50k:
Monticello:
7.7% (232)
State:
4.9% (58,683)
Number of families with income $50k - 60k:
Monticello:
9.3% (280)
State:
5.4% (64,644)
Number of families with income $60k - 75k:
Monticello:
7.8% (236)
State:
8.9% (105,839)
Number of families with income $75k - 100k:
Monticello:
18.4% (555)
Minnesota:
14.8% (177,106)
Number of families with income $100k - 125k:
Monticello:
14.5% (438)
State:
13.6% (162,292)
Number of families with income $125k - 150k:
Monticello:
14.0% (422)
State:
10.9% (130,417)
Number of families with income $150k - 200k:
Monticello:
14.7% (444)
State:
14.3% (171,257)
Number of families with income > $200k:
Monticello:
3.6% (109)
State:
17.1% (204,721)
Median non-family income in Monticello in 2022:
Monticello:
$46,240
Minnesota:
$49,920
Change in median non-family income between 2000 and 2022:
Monticello, Minnesota:
+62.7%
State:
+76.0%
Median per capita income in Monticello in 2022:
Monticello:
$35,986
State:
$49,507
Change in median per capita income between 2000 and 2022:
Monticello, Minnesota:
+84.7%
State:
+103.3%
Income statistics for Black or African American residents
Number of households with income < $10k:
Monticello:
0.0% (0)
State:
9.8% (13,122)
Number of households with income $10k - 20k:
Monticello:
0.0% (0)
Minnesota:
12.0% (16,076)
Number of households with income $20k - 30k:
Monticello:
0.0% (0)
Minnesota:
8.9% (11,986)
Number of households with income $30k - 40k:
Monticello:
0.0% (0)
State:
9.8% (13,064)
Number of households with income $40k - 50k:
Monticello:
0.0% (0)
Minnesota:
7.8% (10,426)
Number of households with income $50k - 60k:
Monticello:
0.0% (0)
Minnesota:
8.4% (11,191)
Number of households with income $60k - 75k:
Monticello:
100.0% (16)
State:
9.5% (12,717)
Number of households with income $75k - 100k:
Monticello:
0.0% (0)
Minnesota:
11.0% (14,800)
Number of households with income $100k - 125k:
Monticello:
0.0% (0)
Minnesota:
7.5% (10,088)
Number of households with income $125k - 150k:
Monticello:
0.0% (0)
State:
4.7% (6,321)
Number of households with income $150k - 200k:
Monticello:
0.0% (0)
State:
6.1% (8,240)
Number of households with income > $200k:
Monticello:
0.0% (0)
State:
4.4% (5,958)
Aggregate household income in Monticello in 2022: $10,288,538
Median per capita income in Monticello in 2022:
Monticello:
$15,075
Minnesota:
$25,146
Change in median per capita income between 2000 and 2022:: -4.2%
Monticello, Minnesota:
-4.2%
Minnesota:
+83.0%
Income statistics for Asian residents
Median household income in Monticello, MN in 2022:
Monticello:
$139,365
State:
$93,773
Number of households with income < $10k:
Monticello:
0.0% (0)
State:
4.2% (3,886)
Number of households with income $10k - 20k:
Monticello:
0.0% (0)
State:
4.1% (3,821)
Number of households with income $20k - 30k:
Monticello:
2.5% (6)
Minnesota:
3.8% (3,485)
Number of households with income $30k - 40k:
Monticello:
0.0% (0)
State:
5.0% (4,620)
Number of households with income $40k - 50k:
Monticello:
0.0% (0)
Minnesota:
6.0% (5,609)
Number of households with income $50k - 60k:
Monticello:
0.0% (0)
State:
5.4% (4,977)
Number of households with income $60k - 75k:
Monticello:
0.0% (0)
State:
9.3% (8,666)
Number of households with income $75k - 100k:
Monticello:
8.7% (21)
State:
15.6% (14,466)
Number of households with income $100k - 125k:
Monticello:
12.0% (29)
State:
10.7% (9,893)
Number of households with income $125k - 150k:
Monticello:
63.2% (153)
State:
9.3% (8,600)
Number of households with income $150k - 200k:
Monticello:
9.1% (22)
Minnesota:
12.6% (11,662)
Number of households with income > $200k:
Monticello:
4.5% (11)
State:
14.2% (13,207)
Aggregate household income in Monticello in 2022: $29,791,736
Median family income in Monticello in 2022:
Monticello:
$137,954
State:
$105,412
Number of families with income $75k - 100k:
Monticello:
9.4% (20)
State:
13.9% (9,500)
Number of families with income $100k - 125k:
Monticello:
14.0% (31)
Minnesota:
11.4% (7,777)
Number of families with income $125k - 150k:
Monticello:
66.3% (145)
Minnesota:
9.8% (6,734)
Number of families with income $150k - 200k:
Monticello:
10.3% (23)
Minnesota:
14.4% (9,877)
Median per capita income in Monticello in 2022:
Monticello:
$39,494
State:
$39,496
Income statistics for Hispanic or Latino residents
Median household income in Monticello, MN in 2022:
Monticello:
$103,649
Minnesota:
$63,399
Change in median household income between 2000 and 2022:
Monticello, Minnesota:
+52.4%
State:
+76.4%
Number of households with income < $10k:
Monticello:
5.8% (26)
State:
4.0% (3,834)
Number of households with income $10k - 20k:
Monticello:
0.0% (0)
State:
6.1% (5,874)
Number of households with income $20k - 30k:
Monticello:
0.0% (0)
State:
9.9% (9,526)
Number of households with income $30k - 40k:
Monticello:
0.0% (0)
Minnesota:
10.1% (9,710)
Number of households with income $40k - 50k:
Monticello:
0.0% (0)
Minnesota:
8.0% (7,724)
Number of households with income $50k - 60k:
Monticello:
25.7% (115)
State:
9.6% (9,248)
Number of households with income $60k - 75k:
Monticello:
20.1% (90)
State:
10.8% (10,444)
Number of households with income $75k - 100k:
Monticello:
0.0% (0)
State:
15.0% (14,464)
Number of households with income $100k - 125k:
Monticello:
29.7% (133)
Minnesota:
7.6% (7,348)
Number of households with income $125k - 150k:
Monticello:
4.9% (22)
State:
5.1% (4,890)
Number of households with income $150k - 200k:
Monticello:
13.8% (62)
State:
6.5% (6,257)
Number of households with income > $200k:
Monticello:
0.0% (0)
State:
7.3% (7,057)
Aggregate household income in Monticello in 2022: $50,397,241
Median family income in Monticello in 2022:
Monticello:
$68,185
Minnesota:
$67,562
Number of families with income < $10k:
Monticello:
14.2% (39)
Minnesota:
5.9% (3,967)
Number of families with income $60k - 75k:
Monticello:
34.9% (95)
State:
9.5% (6,388)
Number of families with income $100k - 125k:
Monticello:
42.8% (117)
State:
7.4% (4,975)
Number of families with income $125k - 150k:
Monticello:
8.1% (22)
State:
5.3% (3,580)
Median per capita income in Monticello in 2022:
Monticello:
$44,536
State:
$27,748
Income statistics for Multirace residents
Median household income in Monticello, MN in 2022:
Monticello:
$87,464
Minnesota:
$74,586
Number of households with income < $10k:
Monticello:
24.3% (36)
Minnesota:
4.8% (5,071)
Number of households with income $10k - 20k:
Monticello:
0.0% (0)
State:
7.2% (7,697)
Number of households with income $20k - 30k:
Monticello:
0.0% (0)
Minnesota:
8.0% (8,495)
Number of households with income $30k - 40k:
Monticello:
0.0% (0)
State:
8.9% (9,445)
Number of households with income $40k - 50k:
Monticello:
0.0% (0)
Minnesota:
6.3% (6,680)
Number of households with income $50k - 60k:
Monticello:
0.0% (0)
State:
6.7% (7,171)
Number of households with income $60k - 75k:
Monticello:
6.8% (10)
Minnesota:
8.4% (8,916)
Number of households with income $75k - 100k:
Monticello:
28.4% (42)
Minnesota:
13.8% (14,719)
Number of households with income $100k - 125k:
Monticello:
25.0% (37)
Minnesota:
10.0% (10,590)
Number of households with income $125k - 150k:
Monticello:
0.0% (0)
State:
7.3% (7,720)
Number of households with income $150k - 200k:
Monticello:
15.5% (23)
State:
8.2% (8,751)
Number of households with income > $200k:
Monticello:
0.0% (0)
State:
10.5% (11,170)
Aggregate household income in Monticello in 2022: $19,081,458
Median per capita income in Monticello in 2022:
Monticello:
$25,828
Minnesota:
$28,529
Income statistics for other residents
Median household income in Monticello, MN in 2022:
Monticello:
$74,492
State:
$65,473
Number of households with income < $10k:
Monticello:
0.0% (0)
State:
5.5% (2,716)
Number of households with income $10k - 20k:
Monticello:
0.0% (0)
Minnesota:
6.3% (3,106)
Number of households with income $20k - 30k:
Monticello:
0.0% (0)
Minnesota:
6.7% (3,298)
Number of households with income $30k - 40k:
Monticello:
0.0% (0)
State:
9.2% (4,529)
Number of households with income $40k - 50k:
Monticello:
0.0% (0)
Minnesota:
8.6% (4,198)
Number of households with income $50k - 60k:
Monticello:
47.0% (125)
State:
9.2% (4,519)
Number of households with income $60k - 75k:
Monticello:
44.0% (117)
State:
10.8% (5,300)
Number of households with income $75k - 100k:
Monticello:
0.0% (0)
Minnesota:
15.9% (7,771)
Number of households with income $100k - 125k:
Monticello:
9.0% (24)
State:
8.6% (4,216)
Number of households with income $125k - 150k:
Monticello:
0.0% (0)
State:
4.4% (2,178)
Number of households with income $150k - 200k:
Monticello:
0.0% (0)
State:
7.3% (3,556)
Number of households with income > $200k:
Monticello:
0.0% (0)
Minnesota:
7.3% (3,596)
Aggregate household income in Monticello in 2022: $17,212,011
Median per capita income in Monticello in 2022:
Monticello:
$20,256
Minnesota:
$28,385
Change in median per capita income between 2000 and 2022:
Monticello, Minnesota:
+105.8%
Minnesota:
+149.3%
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+83.0%
