Lake Monticello, VA

Census Place

2024 Population

10,662

US Senator

Mark Warner

Democratic Party

US Senator

Tim Kaine

Democratic Party

2024 Median Age

42.1

3.44% 1-year increase

2024 Poverty Rate

6.66%

11.7% 1-year decrease

2024 Median Household Income

$106,818

5.38% 1-year growth

2024 Median Property Value

$325,900

Population & Diversity

Lake Monticello, VA is home to a population of 10.7k people, from which 99.9% are citizens.

As of 2024, 1.55% of Lake Monticello, VA residents were born outside of the country (165 people).

In 2024, there were 11.3 times more White (Non-Hispanic) residents (8.33k people) in Lake Monticello, VA than any other race or ethnicity. There were 738 Black or African American (Non-Hispanic) and 522 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.9%

2024 Citizenship

99.9%

2023 Citizenship

As of 2024, 99.9% of Lake Monticello, VA residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Lake Monticello, VA was 99.9%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Lake Monticello, VA compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lake Monticello, VA

White (Non-Hispanic)
8.33k ± 777
Black or African American (Non-Hispanic)
738 ± 267
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
522 ± 228

6.99%

Hispanic Population

745 people

6.99% of the people in Lake Monticello, VA are hispanic (745 people).

The following chart shows the 8 races represented in Lake Monticello, VA as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Virginia.

Most Common Origin

El Salvador
108,778 ± 8,047 people
India
98,440 ± 7,659 people
Mexico
58,677 ± 5,927 people

In 2024, the most common birthplace for the foreign-born residents of Virginia was El Salvador, the natal country of 108,778 Virginia residents, followed by India with 98,440 and Mexico with 58,677.

Foreign-Born Population

1.55%

2024 Foreign-Born Population

165 people

2.39%

2023 Foreign-Born Population

259 people

As of 2024, 1.55% of Lake Monticello, VA residents (165 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Lake Monticello, VA was 2.39%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Lake Monticello, VA compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
373 ± 183
Vietnam
284 ± 117
Korea
80 ± 73

Lake Monticello, VA has a large population of military personnel who served in Gulf War (2001-), 1.31 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Lake Monticello, VA.

Economy

The economy of Lake Monticello, VA employs 5.16k people. In 2024, the largest industries in Lake Monticello, VA were Educational Services (1,041 people), Health Care & Social Assistance (951 people), and Professional, Scientific, & Technical Services (598 people), and the highest paying industries were Information ($117,931), Administrative & Support & Waste Management Services ($100,243), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($89,150).

Employment

Occupations

5.16k

2024 Value

± 645

−1.25%

1 Year decline

± 17.7%

From 2023 to 2024, employment in Lake Monticello, VA declined at a rate of −1.25%, from 5.22k employees to 5.16k employees.

The most common job groups, by number of people living in Lake Monticello, VA, are Management Occupations (635 people), Office & Administrative Support Occupations (630 people), and Sales & Related Occupations (596 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lake Monticello, VA.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Virginia.

This chart shows weekly unemployment insurance claims in Virginia (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

5.16k

2024 Value

± 645

−1.25%

1 Year decline

± 17.7%

From 2023 to 2024, employment in Lake Monticello, VA declined at a rate of −1.25%, from 5.22k employees to 5.16k employees.

The most common employment sectors for those who live in Lake Monticello, VA, are Educational Services (1,041 people), Health Care & Social Assistance (951 people), and Professional, Scientific, & Technical Services (598 people). This chart shows the share breakdown of the primary industries for residents of Lake Monticello, VA, though some of these residents may live in Lake Monticello, VA and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$66,921

Median earning men ± $13,278

$57,599

Median earning women ± $3,363

The industries with the best median earnings for men in 2024 are Information ($117,931), Professional, Scientific, & Management, & Administrative & Waste Management Services ($100,570), and Public Administration ($88,971).

The industries with the best median earnings for women in 2024 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($74,487), Retail Trade ($62,601), and Finance & Insurance, & Real Estate & Rental & Leasing ($61,333).

Housing & Living

The median property value in Lake Monticello, VA was $325,900 in 2024, which is 0.98 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $288,300 to $325,900, a 13% increase. The homeownership rate in Lake Monticello, VA is 95.9%, which is higher than the national average of 65.2%.

People in Lake Monticello, VA have an average commute time of 29.8 minutes, and they drove alone to work. Car ownership in Lake Monticello, VA is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$325,900

Median Property Value 2024

±$16,498

$4,085

Median Property Taxes

±$475

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Lake Monticello, VA the largest share of households pay taxes in the $2k - $3k range.

The chart underneath the paragraph shows the property taxes in Lake Monticello, VA compared to it's parent and neighbor geographies.

Rent vs Own

95.9%

Homeownership

2024

65.5%

Homeowners with Mortgage

2024

In 2024, 95.9% of the housing units in Lake Monticello, VA were occupied by their owner. This percentage declined from the previous year's rate of 96.6%.

This chart shows the percentage of owner in Lake Monticello, VA compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$106,818

Median Household Income

± $8,775

4.26k

Number of Households

± 498

In 2024, the median household income of the 4.26k households in Lake Monticello, VA grew to $106,818 from the previous year's value of $101,363.

The following chart displays the households in Lake Monticello, VA distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $100k - $125k range.

Wage Distribution

The closest comparable wage GINI for Lake Monticello, VA is from Virginia.

0.47

2024 Wage GINI in Virginia

0.472

2023 Wage GINI in Virginia

In 2024, the income inequality in Virginia was 0.47 according to the GINI calculation of the wage distribution. Income inequality had a 0.376% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Virginia was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Virginia in comparison to the national average.

This chart shows the number of workers in Virginia across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (62.9%)
Worked At Home (21.9%)
Carpooled (10.2%)

In 2024, 62.9% of workers in Lake Monticello, VA drove alone to work, followed by those who worked at home (21.9%) and those who carpooled to work (10.2%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

29.8 minutes

Average Travel Time

Using averages, employees in Lake Monticello, VA have a longer commute time (29.8 minutes) than the normal US worker (26.4 minutes). Additionally, 0.327% of the workforce in Lake Monticello, VA have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Lake Monticello, VA compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Lake Monticello, VA distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Lake Monticello, VA have 2 cars.

Poverty

Poverty & Diversity

6.66% of the population for whom poverty status is determined in Lake Monticello, VA (710 out of 10.7k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 18 - 24, followed by Males 18 - 24 and then Females 25 - 34.

The most common racial or ethnic group living below the poverty line in Lake Monticello, VA is White, followed by Black and Two Or More.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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