Monticello, MS Profile: Facts & Data

Monticello, Mississippi - Basic Facts

The Town of Monticello had a population of 1,436 as of July 1, 2024.

The primary coordinate point for Monticello is located at latitude 31.5538 and longitude -90.1073 in Lawrence County. The formal boundaries for the Town of Monticello encompass a land area of 4.17 sq. miles and a water area of 0.09 sq. miles. Lawrence County is in the Central time zone (GMT -6).

The Town 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 Town of Monticello is located within Supervisor District 1, a minor civil division (MCD) of Lawrence County.

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

POPULATION
Total Population	1,436 (100%)
Population in Households	1,379 (96.0%)
Population in Families	1,140 (79.4%)
Population in Group Quarters¹	57 ( 4.0%)
Population Density	344
Diversity Index²	53


INCOME
Median Household Income	$36,642
Average Household Income	$64,960
% of Income for Mortgage⁴	24%
Per Capita Income	$28,117
Wealth Index⁵	45
Socioeconomic Status Index⁶	Moderate (49.3)

HOUSING
Total HU (Housing Units)	745 (100%)
Owner Occupied HU	411 (55.2%)
Renter Occupied HU	191 (25.6%)
Vacant Housing Units	143 (19.2%)
Median Home Value	$139,019
Average Home Value	$184,002
Housing Affordability Index³	107

HOUSEHOLDS
Total Households	602
Average Household Size	2.29
Family Households	375
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

745 (100%)

Owner Occupied HU

411 (55.2%)

Renter Occupied HU

191 (25.6%)

Vacant Housing Units

143 (19.2%)

Median Home Value

$139,019

Average Home Value

$184,002

Housing Affordability Index³

107

HOUSEHOLDS

Total Households

602

Average Household Size

2.29

Family Households

375

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	-0.08%	-0.35%
Households	0.56%	0.30%
Families		-0.27%
Median Household Income		1.35%
Per Capita Income		3.09%
Owner Occupied HU		0.24%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.08%

-0.35%

Households

0.56%

0.30%

Families

-0.27%

Median Household Income

1.35%

Per Capita Income

3.09%

Owner Occupied HU

0.24%

Monticello, MS - Peer Comparisons by Rank and Percentile

The table below compares Monticello to the other 427 incorporated cities, towns and CDPs in Mississippi 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	# 157	63rd
Population Density	# 223	48th
Median Household Income	# 313	27th
Housing Affordability Index	# 118	28th
Per Capita Income	# 163	62nd
Diversity Index	# 152	65th

Variable Description

Rank

Percentile

Total Population

# 157

63rd

Population Density

# 223

48th

Median Household Income

# 313

27th

Housing Affordability Index

# 118

28th

Per Capita Income

# 163

62nd

Diversity Index

# 152

65th

Mississippi Census Data Comparison Tool

Monticello, MS Profile: Facts & Data

Monticello, Mississippi - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Monticello, MS - Peer Comparisons by Rank and Percentile

Monticello, MS - Most Popular Things to Do

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Lawrence County