Monticello, a city located in the state of Indiana (IN), is home to a population of approximately 5,488 people. Monticello boasts a median age of 48.7, with around 38.8% of its residents aged 60 or above. 6.5% of the population identifies as US Veterans. 20.4% of Monticello residents are disabled. The city has an average household income of $48,847, while the unemployment rate stands at 6%, and around 8.8% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Monticello is $121,684, with a monthly rent averaging $818.