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CITY

Lake Monticello

Virginia · 10,662 residents · 8.845 sq mi
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Notable rankings
#94Highest homeownership rateof 6,82395.9%
The short version

Lake Monticello is wealthier than most US places, with a median household income of $106,818. The city has grown rapidly, with population up 56% since 2000. 52% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than doubled since 2000, reaching $325,900. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 42.1
US median: 38.9
More educated
52% hold a bachelor's degree
US average: 36%
Less affordable
home values up 38%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
10,662
+56%since 2000
from 6,852 in 2000
1990 – 2024
Population density
1,205 / sq mi
+56%since 2000
from 775 / sq mi in 2000
US average: 281
Median age
42.1
+7%since 2000
from 39.4 in 2000
US average: 38.9
Population, 1990 – 2024
2K4K7K9K12K1990201020202024Lake Monticello
202411K
1990201020202024
Section 02

Income & economy

Median household income
$106,818
+6%inflation adjusted, since 2000
from $55,556 in 2000
US average: $82,259
1990 – 2024
Per capita income
$54,583
+116%since 2000
from $25,226 in 2000
US average: $44,673
Households earning $100K+
75.4%
+27.9 ptssince 2009
from 47.5% in 2009
US average: 53.3%
Poverty rate
6.7%
+4.9 ptssince 2000
from 1.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.378
+22%since 2010
from 0.311 in 2010
US average: 0.476
Workforce by industry, 2024
Information10.8%
US avg: 10.8%
Retail trade4.8%
US avg: 9.9%
Wholesale trade4.3%
US avg: 6.9%
Other services3.7%
US avg: 6.7%
Finance & insurance3.3%
US avg: 5.9%
Professional, scientific, technical3.3%
US avg: 5.1%
Public administration3%
US avg: 4.8%
Transportation & warehousing1.6%
US avg: 2.2%
Arts, entertainment, food0.9%
US avg: 1.9%
Agriculture, forestry, fishing0.3%
US avg: 1.6%
Construction0.3%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$325,900
+38%inflation adjusted, since 2000
from $129,200 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,981
+20%inflation adjusted, since 2000
from $905 in 2000
US average: $1,442
Owner-occupied
95.9%
+5.7 ptssince 2000
from 90.3% in 2000
4.1% rent
Vacancy rate
8.4%
−1.5 ptssince 2009
from 9.8% in 2009
US average: 10.0%
Owner cost-burdened
15.7%
−10.4 ptssince 2009
from 26.2% in 2009
US average: 22.9%
Renter cost-burdened
17.9%
−2.9 ptssince 2009
from 20.8% in 2009
US average: 47.4%
Afford Score
3.1
+31%since 2000
from 2.3 in 2000
1990 – 2024
Gentrification Score
44
RELATED:See current rent listings in Lake Monticello on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic93.2%(6,387)
Black3.4%(236)
Hispanic / Latino1.5%(102)
Asian0.5%(33)
Other0%
Diversity Score13.2%(902)
2024
White, non-Hispanic78.1%(8,326)
Black6.9%(738)
Hispanic / Latino7%(745)
Asian0.4%(40)
Other7.6%(813)
Diversity Score46.8%(4,994)
Diversity Score
47
+256%since 2000
from 13 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
51.8%
+12.7 ptssince 2000
from 39.1% in 2000
US average: 35.6%
High school or higher
98.2%
+3.9 ptssince 2000
from 94.3% in 2000
US average: 89.6%
Graduate degree
21.6%
+6.8 ptssince 2000
from 14.8% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
29.8 min
+36%since 2000
from 21.9 min in 2000
US average: 26.5
Drive alone to work
62.9%
−17.5 ptssince 2009
from 80.4% in 2009
US average: 68.9%
Carpooled to work
10.2%
−1.9 ptssince 2009
from 12.1% in 2009
US average: 8.5%
Public transit
0.0%
−1.0 ptssince 2009
from 1.0% in 2009
US average: 3.2%
Worked from home
21.9%
+16.3 ptssince 2009
from 5.6% in 2009
US average: 15.0%
Walked to work
1.9%
+1.9 ptssince 2009
from 0.0% in 2009
US average: 2.4%
Biked to work
0.0%
−0.4 ptssince 2009
from 0.4% in 2009
US average: 0.4%
No vehicle available
3.7%
+1.0 ptssince 2009
from 2.7% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.0%
−0.4 ptssince 2011
from 3.4% in 2011
US average: 5.2%
Labor force participation
61.7%
−5.0 ptssince 2011
from 66.7% in 2011
US average: 63.5%
Self-employed
20.2%
−4.8 ptssince 2009
from 25.0% in 2009
US average: 13.1%
Management & professional
52.6%
−16.2 ptssince 2009
from 68.8% in 2009
US average: 42.5%
Section 08

People & community

Male
45.2%
−5.3 ptssince 2009
from 50.5% in 2009
Female
54.8%
+5.3 ptssince 2009
from 49.5% in 2009
Foreign born
1.5%
−2.0 ptssince 2009
from 3.6% in 2009
US average: 14.1%
Veterans
12.1%
−36.3 ptssince 2009
from 48.4% in 2009
US average: 6.2%
With a disability
11.3%
+1.9 ptssince 2012
from 9.4% in 2012
US average: 13.3%
Uninsured
3.2%
−90.5 ptssince 2013
from 93.7% in 2013
US average: 8.4%
Broadband at home
97.6%
+8.1 ptssince 2017
from 89.5% in 2017
US average: 91.0%
English only at home
95.1%
−1.0 ptssince 2016
from 96.2% in 2016
US average: 77.7%
Spanish at home
4.0%
+2.8 ptssince 2016
from 1.3% in 2016
US average: 13.6%
Drill deeper

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Compare Lake Monticello to nearby cities

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LAKE MONTICELLO VS
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LAKE MONTICELLO VS
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Home value$435,300+34%
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LAKE MONTICELLO VS
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Home value$547,200+68%
Population9,289−13%
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Frequently asked

How many people live in Lake Monticello, Virginia?

Lake Monticello, Virginia has about 10,662 residents according to the 2024 American Community Survey.

What is the median household income in Lake Monticello, Virginia?

The typical household in Lake Monticello, Virginia earns about $106,818 a year. Half of households make more than that, and half make less.

Is Lake Monticello, Virginia expensive?

In Lake Monticello, Virginia, the median home is worth about $325,900, and the typical rent is about $1,981 a month.

How educated are people in Lake Monticello, Virginia?

About 51.8% of adults age 25 and over in Lake Monticello, Virginia hold a bachelor's degree or higher.

What is the poverty rate in Lake Monticello, Virginia?

About 6.7% of people in Lake Monticello, Virginia live below the federal poverty line.

Has Lake Monticello, Virginia grown since 1990?

Yes, Lake Monticello, Virginia has grown since 1990. The population has added about 8,214 residents, a change of about 336 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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