Monticello, Lexington, Fayette County, KY demographics:
population, income, and more

Total population
1,197
-1.3% year-over-year change
Median household income
$76,482/yr
3.1% year-over-year change
Housing units
583
-0.5% year-over-year change

Monticello population

How many people live in Monticello

Monticello is home to 1,197 residents, according to the most recent Census data. Gender-wise, 49% of Monticello locals are male, and 51% are female.

Total population
1,197
-1.3% year-over-year change
Gender ratio
Male
49%
587
Female
51%
610
Value Percent YoY change
Male 587 49% 1.9%
Female 610 51% -4.2%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Monticello is 37, with the population distributed as follows: about 15.3% are children under 15, then 15.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 29% of the population, while another 23.1% fall into the 45 to 64 bracket. Finally, around 17% are 65 or older.

Median age
37.2
Age breakdown
Under 15
15.3%
15 to 24
15.6%
25 to 44
29%
45 to 64
23.1%
Over 65
17%
Value Percent YoY change
Under 15 183 15.3% -2.7%
15 to 24 187 15.6% -3.1%
25 to 44 347 29% 1.5%
45 to 64 276 23.1% -1.1%
Over 65 204 17% -3.3%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Monticello, 87.9% of the population are US-born citizens, while 5.4% have gained naturalized citizenship. At the same time, 6.8% of residents are non-citizens. As for race, 81.4% of locals are Caucasian, 2.1% are African American and 6.4% have Asian roots. There’s also a share of 6.2% that includes residents with two or more races.

Citizenship
U.S.-born citizens
87.9%
Non-U.S.-born citizens
5.4%
Non-citizens
6.8%
Value Percent YoY change
U.S.-born citizens 1,052 87.9% -1.1%
Non-U.S.-born citizens 64 5.4% -4.5%
Non-citizens 81 6.8% -1.2%
Racial breakdown
White
81.4%
Black or African American
2.1%
American Indian and Alaska Native
0.5%
Asian
6.4%
Native Hawaiian and other Pacific Islander
0%
Two or more races
6.2%
Other
3.4%
Value Percent
White 975 81.4%
Black or African American 25 2.1%
American Indian and Alaska Native 6 0.5%
Asian 77 6.4%
Two or more races 74 6.2%
Other 41 3.4%

Households in Monticello

A peek inside Monticello households

Monticello has 550 households, with an average of 2 members in each. Of these, 55.3% are families, while the remaining 44.7% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
550
0.2% year-over-year change
Average people per household
2
Non-family households
246
Family households
304
Value Percent YoY change
Non-family households 246 44.7% 1.6%
Family households 304 55.3% -1.0%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Monticello

The housing landscape of Monticello

Monticello's housing consists of 583 units, with 69% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 4.3% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 0.2% of the housing landscape.

Housing units
583
-0.5% year-over-year change
Housing types
Value Percent
1 unit, detached 403 69%
1 unit, attached 25 4.3%
2 units 17 2.9%
3 or 4 units 7 1.2%
5 to 9 units 24 4.1%
10 to 19 units 56 9.6%
20 to 49 units 31 5.3%
50 or more units 18 3.1%
Mobile home 1 0.2%
Boat, RV, van, etc. 2 0.3%
Homes built since 2020
1
0.0% year-over-year change

The age of buildings in Monticello

In Monticello, the median construction year is 1967. About 5.7% of homes were built before the 1940s, with another 4% going up by 1949. Most development happened in the second half of the 20th century. Then, 9.1% of homes were added from 2000 to 2009, 2.2% between 2010 and 2019, and 0.2% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 33 5.7% 0.0%
Built between 1940 and 1949 23 4% -4.2%
Built between 1950 and 1959 146 25.1% -0.7%
Built between 1960 and 1969 119 20.4% 6.2%
Built between 1970 and 1979 78 13.4% -11.4%
Built between 1980 and 1989 43 7.4% 7.5%
Built between 1990 and 1999 73 12.5% -5.2%
Built between 2000 and 2009 53 9.1% 6.0%
Built between 2010 and 2019 13 2.2% 0.0%
Built in 2020 or later 1 0.2% 0.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Monticello occupancy rates

Out of the 550 occupied housing units in Monticello, 61.6% are owner-occupied, while 38.4% are lived in by tenants. Meanwhile, 5.7% of all homes on the local market sit vacant.

Occupied housing units
550
0.2% year-over-year change
Occupancy breakdown
Renter occupied
211
Owner occupied
339
Value Percent YoY
change
Renter occupied 211 38.4% 0.0%
Owner occupied 339 61.6% 0.3%
Unoccupied housing units
5.7%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Monticello housing costs

Housing costs in Monticello come to a median of $1,203 per month, while tenants specifically pay a median gross rent of $1,168.

Median housing costs per month
$1,203/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Monticello
$1,168/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Monticello

Monticello education at a glance

About 18.5% of the population in Monticello went to high school, while 20.1% pursued college studies. Another 6.7% earned an associate degree and 30.9% hold a bachelor’s. Meanwhile, 22.3% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 15 1.5% 15.4%
High school diploma 182 18.5% -1.1%
College diploma 197 20.1% -3.0%
Associate degree 66 6.7% -1.5%
Bachelor's degree 303 30.9% 5.9%
Graduate degree 219 22.3% -6.8%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Monticello

How much people earn in Monticello

The average annual household income in Monticello was $106,180 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +3.1% change from the previous year. At the same time, the median income stood at $76,482, reflecting a +3.1% shift over the same period.

Average household income in Monticello
$106,180/year
3.1% year-over-year change
Median household income in Monticello
$76,482/year
3.1% year-over-year change

Monticello income by age

In Monticello, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $78,355. Those with someone between 45 and 64 in charge, often well established professionally, earn $95,135 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $32,105, while those led by someone over 65, many of whom may be retired, have about $69,256 in earnings. Overall, 87.5% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $32,105 -19.9%
25 - 44 $78,355 -0.4%
45 - 64 $95,135 6.8%
Over 65 $69,256 -0.0%
Above poverty level
1,031
Below poverty level
147
Value Percent YoY
change
Above poverty level 1,031 87.5% -3.2%
Below poverty level 147 12.5% 10.5%

Employment in Monticello

Workforce and job types in Monticello

86.3% of the working population are employed in professional or administrative positions, while 13.7% are in hands-on or service-based jobs. Also, 8.4% run their own businesses, 62% are employed by private companies, and 18.8% work in the public sector.

Workforce demographics

White collar
579
Blue collar
92
Value Percent YoY change
White collar 579 86.3% 1.9%
Blue collar 92 13.7% 2.2%
Employer type
Self employees
8.4%
Private companies
62%
Governmental workers
18.8%
Not for profit companies
10.9%
Value Percent YoY change
Self employees 56 8.4% -6.7%
Private companies 416 62% 5.0%
Governmental workers 126 18.8% -2.3%
Not for profit companies 73 10.9% 0.0%

Transportation in Monticello

How people get around in Monticello

Commuting methods vary: 91.7% of residents travel by personal vehicle and 3% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 519 91.7% 0.2%
Bus or trolleybus 22 3.9% 22.2%
Motorcycle 3 0.5% 0.0%
Bicycle 5 0.9% 66.7%
Walk 17 3% 6.2%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Monticello by zipcode?

Zipcode Population Number of households Median income Average income
40503 27,451 12,615 $76,482 $106,180

Explore more communities

FAQs about Monticello demographics 

What is the total population of Monticello?

Monticello has a total population of 1,197 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -1.3% compared to a year ago.

What is the gender ratio in Monticello?

The gender ratio in Monticello is as follows:
  • 49% males (587 residents)
  • 51% females (610 residents)

What is the median age in Monticello?

The median age in Monticello is 37.2.

What is the age distribution of the population in Monticello?

The age distribution in Monticello is as follows:
  • Under 15: 15.3% (183 residents)
  • Ages 15-24: 15.6% (187 residents)
  • Ages 25-44: 29% (347 residents)
  • Ages 45-64: 23.1% (276 residents)
  • Over 65: 17% (204 residents)

What is the racial and ethnic makeup of Monticello?

The racial and ethnic makeup of Monticello is as follows:
  • White: 81.4% (975 residents)
  • Black or African American: 2.1% (25 residents)
  • American Indian and Alaska Native: 0.5% (6 residents)
  • Asian: 6.4% (77 residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 6.2% (74 residents)
  • Other: 3.4% (41 residents)

What percentage of the population in Monticello are U.S.-born citizens?

U.S.-born citizens represent 87.9% of the population in Monticello.

How many housing units are there in Monticello?

There are 583 housing units in Monticello, reflecting a -0.5% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Monticello and what is the average household size?

Monticello has a total of 550 households, with an average of 2 people in each.

What is the median household income in Monticello?

Monticello has a median household income of $76,482, representing a +3.1% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Monticello?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 86.3% (579 residents)
  • Blue-collar workers: 13.7% (92 residents)

Places of employment:
  • Self-employed: 8.4% (56 residents)
  • Private companies: 62% (416 residents)
  • Governmental workers: 18.8% (126 residents)
  • Not-for-profit companies: 10.9% (73 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025