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CITY · 2020 ACS

Lake Monticello

Virginia · 10,126 residents · 8.845 sq mi
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The short version

Lake Monticello is wealthier than most US places, with a median household income of $80,494. Population has grown 48% since 2000. 49% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value has risen by half since 2000, reaching $227,900. With a median age of 46.6, the population is older than the US median of 38.8.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 46.6
US median: 38.8
More educated
49% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
10,126
+48%since 2000
from 6,852 in 2000
1990 – 2024
Population density
1,145 / sq mi
+48%since 2000
from 775 / sq mi in 2000
US average: 280
Median age
46.6
+18%since 2000
from 39.4 in 2000
US average: 38.8
Population, 1990 – 2024
2K4K7K9K12K1990201020202024Lake Monticello
202411K
1990201020202024
Section 02

Income & economy

Median household income
$80,494
−4%inflation adjusted, since 2000
from $55,556 in 2000
US average: $66,278
1990 – 2024
Per capita income
$59,056
+134%since 2000
from $25,226 in 2000
US average: $35,364
Households earning $100K+
58.6%
+11.2 ptssince 2009
from 47.5% in 2009
US average: 43.9%
Poverty rate
4.2%
+2.5 ptssince 2000
from 1.8% in 2000
US average: 12.8%
Workforce by industry, 2020
Information10%
US avg: 11.1%
Wholesale trade7.4%
US avg: 6.7%
Other services5.9%
US avg: 6.6%
Arts, entertainment, food5.7%
US avg: 2%
Public administration4.1%
US avg: 4.7%
Retail trade3.5%
US avg: 10%
Finance & insurance2.5%
US avg: 5.5%
Transportation & warehousing2%
US avg: 2.5%
Professional, scientific, technical1.7%
US avg: 4.7%
Education & health services0.8%
US avg: 0.8%
Agriculture, forestry, fishing0.4%
US avg: 1.7%
Construction0.4%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$227,900
+17%inflation adjusted, since 2000
from $129,200 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,500
+10%inflation adjusted, since 2000
from $905 in 2000
US average: $1,124
Owner-occupied
88.9%
−1.4 ptssince 2000
from 90.3% in 2000
11.1% rent
Afford Score
2.8
+22%since 2000
from 2.3 in 2000
1990 – 2024
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)
2020
White, non-Hispanic81.7%(8,273)
Black6.8%(693)
Hispanic / Latino4.6%(462)
Asian0.9%(87)
Other3.7%(380)
Diversity Score36.5%(3,700)
Diversity Score
37
+178%since 2000
from 13 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
48.6%
+9.4 ptssince 2000
from 39.1% in 2000
US average: 32.9%
High school or higher
96.7%
+2.4 ptssince 2000
from 94.3% in 2000
US average: 88.5%
Graduate degree
20.7%
+5.9 ptssince 2000
from 14.8% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
32.1 min
+47%since 2000
from 21.9 min in 2000
US average: 26.9
Drive alone to work
81.2%
+0.7 ptssince 2009
from 80.4% in 2009
US average: 75.1%
No vehicle available
0.8%
−1.9 ptssince 2009
from 2.7% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
1.7%
−1.7 ptssince 2011
from 3.4% in 2011
US average: 5.4%
Labor force participation
58.0%
−8.6 ptssince 2011
from 66.7% in 2011
US average: 63.4%
Management & professional
53.9%
−14.9 ptssince 2009
from 68.8% in 2009
US average: 39.3%
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
3.1%
−0.4 ptssince 2009
from 3.6% in 2009
US average: 13.5%
Uninsured
7.0%
−86.7 ptssince 2013
from 93.7% in 2013
US average: 8.8%
Drill deeper

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Compare Lake Monticello to nearby cities

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Income$74,824−7%
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LAKE MONTICELLO VS
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Home value$442,600+94%
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LAKE MONTICELLO VS
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Income$118,250+47%
Home value$435,300+91%
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LAKE MONTICELLO VS
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Income$129,417+61%
Home value$547,200+140%
Population9,289−13%
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Frequently asked

How many people live in Lake Monticello, Virginia?

Lake Monticello, Virginia has about 10,126 residents according to the 2020 American Community Survey.

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

The typical household in Lake Monticello, Virginia earns about $80,494 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 $227,900, and the typical rent is about $1,500 a month.

How educated are people in Lake Monticello, Virginia?

About 48.6% 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 4.2% 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 7,678 residents, a change of about 314 percent over that period.

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

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