Monticello, IA Profile: Facts & Data

Monticello, Iowa - Basic Facts

The City of Monticello had a population of 4,047 as of July 1, 2024.

The primary coordinate point for Monticello is located at latitude 42.2383 and longitude -91.1871 in Jones County. The formal boundaries for the City of Monticello encompass a land area of 6.32 sq. miles and a water area of 0.04 sq. miles. Jones County is in the Central time zone (GMT -6).

The City of Monticello 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 Lovell, a minor civil division (MCD) of Jones County.

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Monticello, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	4,047 (100%)
Population in Households	3,698 (91.4%)
Population in Families	2,801 (69.2%)
Population in Group Quarters¹	349 ( 8.6%)
Population Density	719
Diversity Index²	18


INCOME
Median Household Income	$65,763
Average Household Income	$92,495
% of Income for Mortgage⁴	16%
Per Capita Income	$39,273
Wealth Index⁵	85
Socioeconomic Status Index⁶	Moderate (57.0)

HOUSING
Total HU (Housing Units)	1,856 (100%)
Owner Occupied HU	1,227 (66.1%)
Renter Occupied HU	486 (26.2%)
Vacant Housing Units	143 ( 7.7%)
Median Home Value	$171,984
Average Home Value	$199,674
Housing Affordability Index³	144

HOUSEHOLDS
Total Households	1,713
Average Household Size	2.16
Family Households	1,001
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,856 (100%)

Owner Occupied HU

1,227 (66.1%)

Renter Occupied HU

486 (26.2%)

Vacant Housing Units

143 ( 7.7%)

Median Home Value

$171,984

Average Home Value

$199,674

Housing Affordability Index³

144

HOUSEHOLDS

Total Households

1,713

Average Household Size

2.16

Family Households

1,001

Average Family Size

3.00

NOTES

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.
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 races 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.
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.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.02%	-0.03%
Households	0.18%	0.08%
Families		-0.26%
Median Household Income		1.82%
Per Capita Income		2.60%
Owner Occupied HU		0.37%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.02%

-0.03%

Households

0.18%

0.08%

Families

-0.26%

Median Household Income

1.82%

Per Capita Income

2.60%

Owner Occupied HU

0.37%

Monticello, IA - Peer Comparisons by Rank and Percentile

The table below compares Monticello to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2024 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	# 102	90th
Population Density	# 436	58th
Median Household Income	# 689	33rd
Housing Affordability Index	# 603	59th
Per Capita Income	# 570	45th
Diversity Index	# 427	58th

Variable Description

Rank

Percentile

Total Population

# 102

90th

Population Density

# 436

58th

Median Household Income

# 689

33rd

Housing Affordability Index

# 603

59th

Per Capita Income

# 570

45th

Diversity Index

# 427

58th

Iowa Census Data Comparison Tool

Monticello, IA Profile: Facts & Data

Monticello, Iowa - Basic Facts

Monticello, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Monticello, IA - Peer Comparisons by Rank and Percentile

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Jones County