Quick facts: Monticello, WI

Quick Facts

100.2
Cost of Living
above US average
1,175
Population
0.85
Crime Rate per 1000
below US average
$70,833
Median Income
below US average
$309,900
Median House Price
above US average
$1325
Average Rent
below US average
5%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $70,833.

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Income Needed to Buy

βœ— Stretch
$97k/year
Based on $309,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $97k vs median $70,833
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Income Needed to Rent

βœ“ Affordable
$57k/year
Based on $1325/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($70,833) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Monticello, WI

Monticello is a small village located in Green County, Wisconsin. With a population of around 1,200 residents, it offers a tight-knit community atmosphere. The village is situated about 25 miles southwest of Madison, making it a peaceful rural retreat while still providing access to urban amenities. Monticello is known for its charming countryside, historical architecture, and outdoor recreational opportunities. The surrounding landscape features beautiful farms, rolling hills, and access to numerous parks and trails, ideal for hiking, biking, and enjoying nature. The village hosts annual events, including local festivals, farmers markets, and community gatherings that promote local culture and craftsmanship. Education in Monticello is served by the Monticello School District, which focuses on fostering a supportive learning environment for students. The local economy is primarily based on agriculture and small businesses, contributing to the village's quaint character. Overall, Monticello, WI, is a serene spot that offers residents and visitors a taste of rural life, complemented by a welcoming community spirit.

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