2025 Compare Cities Economy:
Monticello, MN vs Elk River, MN

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Highlights
- Household income in Elk River, is 14% more than it is in Monticello and is 18% above the National Average.
- Monticello unemployment rate is 4.5%.
- Elk River unemployment rate is 4.9%.
 Monticello, MNElk River, MNUnited States
 Unemployment Rate  Unlock4.9%6.0%
 Recent Job Growth  Unlock1.8%1.6%
 Future Job Growth36.1%  Unlock33.5%
 Sales Taxes7.4%  Unlock6.2%
 Income Taxes  Unlock7.1%4.6%
 Income per Cap.$30,796  Unlock$37,638
 Household Income  Unlock$83,875$69,021
 Family Median Income$86,444  Unlock$85,028
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 Est. Households By Income
 Monticello, MNElk River, MNUnited States
 Income Less Than 15K  Unlock3.5%9.4%
 Income between 15K and 20K1.8%  Unlock3.8%
 Income between 20K and 30K  Unlock4.1%8.1%
 Income between 30K and 40K4.0%  Unlock8.0%
 Income between 40K and 50K  Unlock5.5%7.6%
 Income between 50K and 60K9.6%  Unlock7.2%
 Income between 60K and 75K  Unlock11.4%9.6%
 Income between 75K and 100K16.7%  Unlock12.8%
 Income between 100K and 150K  Unlock23.4%16.3%
 Income between 150K and 200K5.4%  Unlock7.8%
 Income greater than 200K  Unlock6.7%9.5%
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 Population By Occupation
 Monticello, MNElk River, MNUnited States
 Management, business, finance12.9%  Unlock16.4%
 Engineering, computers, science  Unlock9.0%6.5%
 Community, social services2.7%  Unlock1.8%
 Legal  Unlock0.7%1.2%
 Education, library6.3%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock0.9%2.0%
 Healthcare practitioners and technology6.9%  Unlock6.2%
 Healthcare support  Unlock4.0%3.3%
 Firefighters, law enforcement0.5%  Unlock2.1%
 Food preparation, serving  Unlock4.4%5.4%
 Building maintenance1.7%  Unlock3.6%
 Personal care  Unlock2.3%2.6%
 Sales, office, administrative support20.0%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.4%0.6%
 Construction, extraction, maintenance/repair8.7%  Unlock8.1%
 Production, transportation, material moving  Unlock20.3%13.1%
Reviews for Monticello    4 Reviews

Wonderful community where I have lived for 6 years. Friendly neighbors who all help each other. Offerings of shopping amenities such as Super Target, Super Walmart and  More

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Over 16 years ago

I moved to Monticello over 10 years ago. I am a native of Minnesota and I am accustomed to the changing seasons. The city has boasted a population increase from almost  More

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Over 19 years ago

I just moved to Monticello in January. I grew up in a community that had neighbors looking out for each other. I guess I got lucky and moved to one of the few  More

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Reviews for Elk River    3 Reviews

The Northstar commuter rail line and the commuter rail station in Elk River (to be completed later in 2009) that will connect Elk River to Minneapolis, and a recent  More

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Over 18 years ago

good place to live and close to the  More

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Over 19 years ago

Small town but growing, nice place to live. Will be getting mass-transit soon, to  More

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