The median household income in Monticello, IN in 2022 was $48,564, which was 37.5% less than the median annual income of $66,785 across the entire state of Indiana. Compared to the median income of $35,537 in 2000 this represents an increase of 26.8%. The per capita income in 2022 was $29,176, which means an increase of 41.5% compared to 2000 when it was $17,066.
Whole page based on the data from 2000 / 2022 when the population of Monticello, Indiana was 5,723 / 5,527
Income statistics for all residents
Median household income in Monticello, IN in 2022:
Monticello:
$48,565
State:
$66,785
Change in median household income between 2000 and 2022:
Monticello, Indiana:
+36.7%
State:
+60.7%
Number of households with income < $10k:
Monticello:
5.2% (137)
State:
5.6% (151,905)
Number of households with income $10k - 20k:
Monticello:
12.7% (337)
Indiana:
7.1% (193,665)
Number of households with income $20k - 30k:
Monticello:
14.2% (377)
State:
7.8% (213,166)
Number of households with income $30k - 40k:
Monticello:
11.8% (313)
State:
8.5% (231,051)
Number of households with income $40k - 50k:
Monticello:
8.6% (229)
State:
8.4% (227,994)
Number of households with income $50k - 60k:
Monticello:
8.9% (237)
Indiana:
7.7% (210,699)
Number of households with income $60k - 75k:
Monticello:
7.9% (210)
State:
10.3% (279,665)
Number of households with income $75k - 100k:
Monticello:
23.1% (613)
State:
14.1% (383,225)
Number of households with income $100k - 125k:
Monticello:
3.7% (97)
Indiana:
10.3% (279,559)
Number of households with income $125k - 150k:
Monticello:
1.7% (44)
Indiana:
6.3% (172,553)
Number of households with income $150k - 200k:
Monticello:
0.8% (22)
State:
7.3% (198,086)
Number of households with income > $200k:
Monticello:
1.5% (40)
Indiana:
6.8% (184,921)
Aggregate household income in Monticello in 2022: $158,282,045
Median family income in Monticello in 2022:
Monticello:
$69,142
State:
$84,508
Number of families with income < $10k:
Monticello:
1.8% (26)
Indiana:
3.5% (60,982)
Number of families with income $10k - 20k:
Monticello:
1.3% (19)
Indiana:
3.8% (66,551)
Number of families with income $20k - 30k:
Monticello:
8.9% (125)
State:
4.7% (82,197)
Number of families with income $30k - 40k:
Monticello:
11.0% (154)
Indiana:
6.2% (108,519)
Number of families with income $40k - 50k:
Monticello:
7.2% (101)
State:
7.3% (126,404)
Number of families with income $50k - 60k:
Monticello:
14.5% (204)
Indiana:
7.4% (128,779)
Number of families with income $60k - 75k:
Monticello:
8.0% (112)
State:
10.7% (185,712)
Number of families with income $75k - 100k:
Monticello:
37.0% (519)
Indiana:
16.1% (280,434)
Number of families with income $100k - 125k:
Monticello:
2.7% (37)
State:
12.7% (221,659)
Number of families with income $125k - 150k:
Monticello:
3.1% (44)
Indiana:
8.2% (142,241)
Number of families with income $150k - 200k:
Monticello:
1.6% (22)
State:
9.9% (171,875)
Number of families with income > $200k:
Monticello:
2.8% (40)
State:
9.5% (164,753)
Median non-family income in Monticello in 2022:
Monticello:
$28,691
State:
$39,768
Change in median non-family income between 2000 and 2022:
Monticello, Indiana:
+35.7%
State:
+67.9%
Median per capita income in Monticello in 2022:
Monticello:
$29,176
State:
$35,984
Change in median per capita income between 2000 and 2022:
Monticello, Indiana:
+71.0%
State:
+76.4%
Income statistics for White residents
Median household income in Monticello, IN in 2022:
Monticello:
$48,570
State:
$70,619
Change in median household income between 2000 and 2022:
Monticello, Indiana:
+38.1%
Indiana:
+65.2%
Number of households with income < $10k:
Monticello:
5.5% (136)
State:
4.5% (100,447)
Number of households with income $10k - 20k:
Monticello:
13.3% (331)
State:
6.5% (144,216)
Number of households with income $20k - 30k:
Monticello:
14.2% (353)
State:
7.5% (166,045)
Number of households with income $30k - 40k:
Monticello:
12.5% (312)
Indiana:
8.1% (179,206)
Number of households with income $40k - 50k:
Monticello:
7.8% (195)
State:
8.1% (178,985)
Number of households with income $50k - 60k:
Monticello:
9.3% (231)
State:
7.8% (171,865)
Number of households with income $60k - 75k:
Monticello:
8.0% (198)
Indiana:
10.5% (231,572)
Number of households with income $75k - 100k:
Monticello:
22.2% (552)
State:
14.6% (323,007)
Number of households with income $100k - 125k:
Monticello:
3.7% (93)
State:
10.6% (235,112)
Number of households with income $125k - 150k:
Monticello:
1.2% (29)
Indiana:
6.7% (148,936)
Number of households with income $150k - 200k:
Monticello:
0.8% (21)
State:
7.7% (170,750)
Number of households with income > $200k:
Monticello:
1.6% (39)
Indiana:
7.3% (160,805)
Aggregate household income in Monticello in 2022: $146,044,000
Median family income in Monticello in 2022:
Monticello:
$69,067
State:
$88,109
Number of families with income < $10k:
Monticello:
1.9% (24)
Indiana:
2.5% (35,020)
Number of families with income $10k - 20k:
Monticello:
1.5% (19)
Indiana:
3.3% (47,383)
Number of families with income $20k - 30k:
Monticello:
8.4% (106)
State:
4.2% (60,156)
Number of families with income $30k - 40k:
Monticello:
12.4% (155)
State:
5.8% (82,106)
Number of families with income $40k - 50k:
Monticello:
5.5% (69)
State:
6.9% (98,385)
Number of families with income $50k - 60k:
Monticello:
14.6% (184)
Indiana:
7.3% (104,303)
Number of families with income $60k - 75k:
Monticello:
8.0% (101)
State:
10.7% (152,202)
Number of families with income $75k - 100k:
Monticello:
37.7% (473)
State:
16.8% (237,844)
Number of families with income $100k - 125k:
Monticello:
2.9% (36)
Indiana:
13.2% (187,178)
Number of families with income $125k - 150k:
Monticello:
2.3% (28)
State:
8.6% (122,703)
Number of families with income $150k - 200k:
Monticello:
1.7% (21)
State:
10.5% (148,889)
Number of families with income > $200k:
Monticello:
3.1% (39)
Indiana:
10.1% (143,001)
Median non-family income in Monticello in 2022:
Monticello:
$28,647
Indiana:
$41,009
Change in median non-family income between 2000 and 2022:
Monticello, Indiana:
+36.4%
State:
+69.4%
Median per capita income in Monticello in 2022:
Monticello:
$30,064
State:
$38,746
Change in median per capita income between 2000 and 2022:
Monticello, Indiana:
+72.2%
Indiana:
+82.8%
Income statistics for Black or African American residents
Median per capita income in Monticello in 2022:
Monticello:
$21,522
Indiana:
$25,414
Income statistics for Hispanic or Latino residents
Median household income in Monticello, IN in 2022:
Monticello:
$83,728
Indiana:
$59,737
Change in median household income between 2000 and 2022:
Monticello, Indiana:
+82.3%
Indiana:
+60.8%
Number of households with income < $10k:
Monticello:
0.0% (0)
Indiana:
5.8% (8,513)
Number of households with income $10k - 20k:
Monticello:
0.0% (0)
State:
7.6% (11,151)
Number of households with income $20k - 30k:
Monticello:
15.8% (19)
State:
8.7% (12,768)
Number of households with income $30k - 40k:
Monticello:
0.0% (0)
State:
9.8% (14,507)
Number of households with income $40k - 50k:
Monticello:
25.8% (31)
Indiana:
10.4% (15,272)
Number of households with income $50k - 60k:
Monticello:
0.0% (0)
State:
8.0% (11,829)
Number of households with income $60k - 75k:
Monticello:
0.0% (0)
State:
11.4% (16,875)
Number of households with income $75k - 100k:
Monticello:
45.8% (55)
Indiana:
14.5% (21,434)
Number of households with income $100k - 125k:
Monticello:
0.0% (0)
Indiana:
9.2% (13,525)
Number of households with income $125k - 150k:
Monticello:
12.5% (15)
State:
4.9% (7,171)
Number of households with income $150k - 200k:
Monticello:
0.0% (0)
Indiana:
5.2% (7,618)
Number of households with income > $200k:
Monticello:
0.0% (0)
Indiana:
4.7% (6,892)
Aggregate household income in Monticello in 2022: $8,921,141
Median family income in Monticello in 2022:
Monticello:
$59,664
State:
$67,946
Number of families with income $20k - 30k:
Monticello:
14.7% (17)
State:
7.4% (7,835)
Number of families with income $40k - 50k:
Monticello:
21.7% (26)
State:
8.8% (9,234)
Number of families with income $50k - 60k:
Monticello:
13.5% (16)
Indiana:
8.1% (8,509)
Number of families with income $75k - 100k:
Monticello:
37.1% (44)
State:
16.8% (17,634)
Number of families with income $125k - 150k:
Monticello:
13.0% (15)
State:
6.0% (6,363)
Median per capita income in Monticello in 2022:
Monticello:
$18,013
State:
$22,779
Change in median per capita income between 2000 and 2022:
Monticello, Indiana:
+43.3%
State:
+76.3%
Income statistics for Multirace residents
Number of households with income < $10k:
Monticello:
0.0% (0)
State:
7.0% (9,131)
Number of households with income $10k - 20k:
Monticello:
0.0% (0)
State:
7.5% (9,781)
Number of households with income $20k - 30k:
Monticello:
0.0% (0)
Indiana:
8.1% (10,666)
Number of households with income $30k - 40k:
Monticello:
0.0% (0)
State:
9.9% (12,947)
Number of households with income $40k - 50k:
Monticello:
0.0% (0)
Indiana:
9.9% (13,028)
Number of households with income $50k - 60k:
Monticello:
0.0% (0)
State:
7.7% (10,076)
Number of households with income $60k - 75k:
Monticello:
44.1% (15)
State:
11.2% (14,741)
Number of households with income $75k - 100k:
Monticello:
0.0% (0)
State:
14.5% (18,959)
Number of households with income $100k - 125k:
Monticello:
0.0% (0)
State:
8.9% (11,697)
Number of households with income $125k - 150k:
Monticello:
55.9% (19)
State:
4.9% (6,406)
Number of households with income $150k - 200k:
Monticello:
0.0% (0)
Indiana:
5.9% (7,688)
Number of households with income > $200k:
Monticello:
0.0% (0)
Indiana:
4.6% (6,026)
Aggregate household income in Monticello in 2022: $11,832,700
Median per capita income in Monticello in 2022:
Monticello:
$23,079
State:
$23,668
Change in median per capita income between 2000 and 2022:
Monticello, Indiana:
+19.4%
Indiana:
+108.5%
Income statistics for other residents
Median household income in Monticello, IN in 2022:
Monticello:
$63,979
Indiana:
$56,644
Number of households with income < $10k:
Monticello:
0.0% (0)
Indiana:
5.4% (3,404)
Number of households with income $10k - 20k:
Monticello:
0.0% (0)
State:
7.8% (4,921)
Number of households with income $20k - 30k:
Monticello:
19.4% (20)
Indiana:
9.7% (6,136)
Number of households with income $30k - 40k:
Monticello:
0.0% (0)
State:
9.7% (6,125)
Number of households with income $40k - 50k:
Monticello:
31.1% (32)
State:
11.0% (6,919)
Number of households with income $50k - 60k:
Monticello:
0.0% (0)
Indiana:
8.5% (5,388)
Number of households with income $60k - 75k:
Monticello:
0.0% (0)
Indiana:
10.8% (6,838)
Number of households with income $75k - 100k:
Monticello:
49.5% (51)
State:
13.7% (8,633)
Number of households with income $100k - 125k:
Monticello:
0.0% (0)
Indiana:
9.2% (5,784)
Number of households with income $125k - 150k:
Monticello:
0.0% (0)
State:
5.6% (3,523)
Number of households with income $150k - 200k:
Monticello:
0.0% (0)
State:
3.6% (2,254)
Number of households with income > $200k:
Monticello:
0.0% (0)
State:
5.0% (3,185)
Aggregate household income in Monticello in 2022: $6,971,781
Median family income in Monticello in 2022:
Monticello:
$52,286
State:
$64,622
Number of families with income $20k - 30k:
Monticello:
17.8% (18)
State:
8.6% (3,905)
Number of families with income $40k - 50k:
Monticello:
25.5% (25)
State:
8.7% (3,962)
Number of families with income $50k - 60k:
Monticello:
17.0% (17)
Indiana:
7.5% (3,399)
Number of families with income $75k - 100k:
Monticello:
39.7% (39)
State:
15.0% (6,824)
Median per capita income in Monticello in 2022:
Monticello:
$21,124
Indiana:
$23,719
Change in median per capita income between 2000 and 2022:
Monticello, Indiana:
+92.8%
Indiana:
+99.6%
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