Employment
This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.
Schools
A high score in the schools category could be the result of elements like top-notch test scores, high education levels and the convenient location of elementary and high schools in this area.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Monticello, Minnesota is a mid-sized city with a population of 14,058 inhabitants. If we look at the most recent Census, Monticello is known to have a predominantly White population. The next two most common races are Asian and Black. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Monticello, your commute time will align closely with the national average, spanning a one-way duration of approximately 29 minutes.
Living in Monticello can be a great experience for anyone relocating to the area. Having said that, in the state of Minnesota, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. The best areas in Monticello and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, cost of living, health & safety, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Minnesota and national averages.
With a livability score of 73 out of 100, Monticello is ranked #4,938 in the United States and #222 in Minnesota. For each of the livability categories, we can establish that Monticello ranks very well for education (A-), employment (A) and housing (A+). On a less positive note, Monticello does not have favorable scores for the following: amenities (F). If we take a look at the data, we can find out why.
The unemployment rate in Monticello has consistently declined over the years and currently stands well below the national average at 2%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Monticello market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Monticello is actually affordable. Median real estate prices in Monticello come in at $391,555, which is 15.5% higher than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In Monticello, the home price to income ratio is 3.7, which is 0% lower than the Minnesota average.
| Statistic | Monticello | Minnesota | National |
| Average one way commute | 29min | 23min | 26min |
| Workers who drive to work | 86.7% | 78.0% | 76.4% |
| Workers who carpool | 7.2% | 8.7% | 9.3% |
| Workers who take public transit | 0.4% | 3.5% | 5.1% |
| Workers who bicycle | 0.2% | 0.8% | 0.6% |
| Workers who walk | 1.6% | 2.8% | 2.8% |
| Working from home | 3.3% | 5.3% | 4.6% |
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