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Demographics
Population
Median Income
Racial Distributions
Zip code 55362 in Monticello, Minnesota, is categorized as a community with "Low Diversity" as of 2022. The area has a White Majority, with 87% of the population identifying as white. The current median income is $83,525, and the population is 19,806 as of 2022.
Over the past decade, Monticello has remained within the "Low Diversity" category. The white population has decreased from 92% in 2013 to 87% in 2022. The Hispanic population increased from 4% in 2013 to 6% in 2022. The Asian population grew from negligible levels in 2013 to 3% by 2022. The Two or More Races category increased from 1% in 2013 to 4% in 2022.
The median income in Monticello has grown from $76,121 in 2013 to $83,525 in 2022, a 9.7% increase over the decade. This growth correlates with the gradual diversification of the community. The population has grown from 18,202 in 2013 to 19,806 in 2022, an 8.8% increase. The highest median income was recorded in 2021 at $89,363.
The trend of slow diversification in Monticello aligns with broader national trends of increasing diversity in suburban and rural areas, albeit at a much slower pace than many urban centers. The median income growth in Monticello outpaces the national average. The persistent "Low Diversity" categorization of Monticello contrasts with many areas of the country that have seen more rapid demographic shifts.
Monticello remains a predominantly white community with low diversity, but there are signs of gradual change. The slow increase in diverse populations, coupled with steady economic growth, suggests a community in the early stages of transition. The pace of change indicates that it may take several more decades before the area could be reclassified into a different diversity category. The economic stability and growth during this period of subtle demographic shift indicate that the community has thus far successfully integrated these changes without significant economic disruption.