Lake Monticello, VA
Demographics And Statistics

Demographics | Cost Of Living
Updated: 2023-12-15

Living In Lake Monticello, Virginia Summary

Life in Lake Monticello research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Lake Monticello over the past nine years using Census, FBI, Zillow, and other primary data sources. Based on the most recently available data, we found the following about life in Lake Monticello:

  • The population in Lake Monticello is 10,834.

  • The median home value in Lake Monticello is $297,738.

  • The median income in Lake Monticello is $98,848.

  • The cost of living in Lake Monticello is 110 which is 1.1x higher than the national average.

  • The median rent in Lake Monticello is $2,071.

  • The unemployment rate in Lake Monticello is 1.6%.

  • The poverty rate in Lake Monticello is 6.5%.

  • The average high in Lake Monticello is 68.1° and the average low is 43.7°.

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Lake Monticello SnackAbility

6
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
6
Diversity
8
Safety
N/A
Amenities
8
Education
9
Commute
4
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Lake Monticello, VA Cost Of Living

Cost of living in Lake Monticello summary. We use data on the cost of living to determine how expensive it is to live in Lake Monticello. Real estate prices drive most of the variance in cost of living around Virginia. Key points include:

  • The cost of living in Lake Monticello is 110 with 100 being average.

  • The cost of living in Lake Monticello is 1.1x higher than the national average.

  • The median home value in Lake Monticello is $297,738.

  • The median income in Lake Monticello is $98,848.

110
Lake Monticello's Overall Cost Of Living
1.1x
Higher Than The National Average

Cost Of Living In Lake Monticello Comparison Table

Living Expense Lake Monticello Virginia National Average
Overall 110 102 100
Services 106 102 100
Groceries 99 98 100
Health 103 102 100
Housing 129 107 100
Transportation 84 95 100
Utilities 100 102 100

Lake Monticello, VA Weather

  • The average high in Lake Monticello is 68.1° and the average low is 43.7°.

  • There are 75.7 days of precipitation each year.

  • Expect an average of 42.7 inches of precipitation each year with 14.6 inches of snow.

StatLake Monticello
Average Annual High68.1
Average Annual Low43.7
Annual Precipitation Days75.7
Average Annual Precipitation42.7
Average Annual Snowfall14.6
68.1°
Average High
75.7°
Days of Rain

Rankings for Lake Monticello in Virginia

Locations Around Lake Monticello

Map Of Lake Monticello, VA

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Lake Monticello Demographics And Statistics

Population over time in Lake Monticello

The current population in Lake Monticello is 10,834. The population has increased 1.9% from 2010.

Year Population % Change
2022 10,834 6.1%
2021 10,210 4.2%
2020 9,794 1.1%
2019 9,685 0.6%
2018 9,629 0.9%
2017 9,547 0.4%
2016 9,513 -4.6%
2015 9,973 -1.8%
2014 10,159 -4.5%
2013 10,634 -

Race / Ethnicity in Lake Monticello

White
77.5% (8,398)
African American
7.9% (860)
American Indian
0.0% (0)
Asian
0.2% (20)
Hawaiian
0.2% (23)
Other
0.5% (52)
Two Or More
6.0% (652)
Hispanic
7.7% (829)

Lake Monticello is:

  • 77.5% White with 8,398 White residents.

  • 7.9% African American with 860 African American residents.

  • 0.0% American Indian with 0 American Indian residents.

  • 0.2% Asian with 20 Asian residents.

  • 0.2% Hawaiian with 23 Hawaiian residents.

  • 0.5% Other with 52 Other residents.

  • 6.0% Two Or More with 652 Two Or More residents.

  • 7.7% Hispanic with 829 Hispanic residents.

Race Lake Monticello VA USA
White 77.5% 60.0% 58.9%
African American 7.9% 18.6% 12.1%
American Indian 0.0% 0.1% 0.6%
Asian 0.2% 6.8% 5.7%
Hawaiian 0.2% 0.1% 0.2%
Other 0.5% 0.5% 0.4%
Two Or More 6.0% 4.0% 3.5%
Hispanic 7.7% 10.0% 18.7%

Gender in Lake Monticello

Female
54.1% (5,865)
Male
45.9% (4,968)
  • Lake Monticello is 54.1% female with 5,865 female residents.

  • Lake Monticello is 45.9% male with 4,968 male residents.

Gender Lake Monticello VA USA
Female 54.1% 50.5% 50.4%
Male 45.9% 49.5% 49.6%

Highest level of educational attainment in Lake Monticello for adults over 25

  • 1.0% of adults in Lake Monticello completed < 9th grade.

  • 1.0% of adults in Lake Monticello completed 9-12th grade.

  • 14.0% of adults in Lake Monticello completed high school / ged.

  • 27.0% of adults in Lake Monticello completed some college.

  • 8.0% of adults in Lake Monticello completed associate's degree.

  • 27.0% of adults in Lake Monticello completed bachelor's degree.

  • 16.0% of adults in Lake Monticello completed master's degree.

  • 1.0% of adults in Lake Monticello completed professional degree.

  • 5.0% of adults in Lake Monticello completed doctorate degree.

< 9th Grade
1.0% (108)
9-12th Grade
1.0% (108)
High School / GED
14.0% (1,516)
Some College
27.0% (2,925)
Associate's Degree
8.0% (866)
Bachelor's Degree
27.0% (2,925)
Master's Degree
16.0% (1,733)
Professional Degree
1.0% (108)
Doctorate Degree
5.0% (541)
Education Lake Monticello VA USA
< 9th Grade 1.0% 4.0% 4.0%
9-12th Grade 1.0% 5.0% 6.0%
High School / GED 14.0% 24.0% 26.0%
Some College 27.0% 18.0% 20.0%
Associate's Degree 8.0% 8.0% 9.0%
Bachelor's Degree 27.0% 23.0% 21.0%
Master's Degree 16.0% 13.0% 10.0%
Professional Degree 1.0% 3.0% 2.0%
Doctorate Degree 5.0% 2.0% 2.0%

Household Income For Lake Monticello, Virginia

  • 1.9% of households in Lake Monticello earn Less than $10,000.

  • 0.9% of households in Lake Monticello earn $10,000 to $14,999.

  • 2.7% of households in Lake Monticello earn $15,000 to $24,999.

  • 7.1% of households in Lake Monticello earn $25,000 to $34,999.

  • 5.2% of households in Lake Monticello earn $35,000 to $49,999.

  • 13.0% of households in Lake Monticello earn $50,000 to $74,999.

  • 20.4% of households in Lake Monticello earn $75,000 to $99,999.

  • 24.0% of households in Lake Monticello earn $100,000 to $149,999.

  • 15.2% of households in Lake Monticello earn $150,000 to $199,999.

  • 9.5% of households in Lake Monticello earn $200,000 or more.

Less than $10,000
1.9% (20,894)
$10,000 to $14,999
0.9% (10,060)
$15,000 to $24,999
2.7% (29,148)
$25,000 to $34,999
7.1% (76,869)
$35,000 to $49,999
5.2% (56,749)
$50,000 to $74,999
13.0% (141,099)
$75,000 to $99,999
20.4% (220,549)
$100,000 to $149,999
24.0% (259,758)
$150,000 to $199,999
15.2% (164,831)
$200,000 or more
9.5% (103,438)
Income Lake Monticello VA USA
Less than $10,000 1.9% 4.2% 4.9%
$10,000 to $14,999 0.9% 3.0% 3.8%
$15,000 to $24,999 2.7% 5.8% 7.0%
$25,000 to $34,999 7.1% 6.3% 7.4%
$35,000 to $49,999 5.2% 9.4% 10.7%
$50,000 to $74,999 13.0% 15.0% 16.1%
$75,000 to $99,999 20.4% 12.3% 12.8%
$100,000 to $149,999 24.0% 18.1% 17.1%
$150,000 to $199,999 15.2% 10.4% 8.8%
$200,000 or more 9.5% 15.6% 11.4%

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