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Monticello is considered a Small Town with a population of 1,516 and 603 businesses. 2 in 2018 were added to the Monticello Chamber of Commerce business directory which was less than 2017 which had 2.

The economy of Monticello employs 879 people and has an unemployment rate of 4.7%. Some of the largest industries in Monticello are Professional Services (104),Government Offices County (29), and Baptist Churches (18).
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