Monticello is not your typical small-town, rural community. A micro-economy of its own, the community offers the amenities that one would expect to find in larger metropolitan areas. 

The majority of Monticello's residents work in the neighboring cities of Decatur or Champaign, both 20 miles in either direction from Monticello. A wide variety of existing homes are available from affordable to executive, as well as many residential lots to build upon. The City of Monticello maintains one of the lowest property tax rates in the area, which along with the low cost of living, makes living in Monticello favorable for many residents.

Proud to put a positive twist on an otherwise "bedroom community," Monticello isn't just a place for 5,600 residents to rest their heads. The downtown "Courthouse Square" is thriving, with new businesses opening all the time, joining the continuously growing small business community. Over 90 professional and retail businesses, restaurants and galleries make the downtown a vibrant business district, bucking the trend of most rural downtowns today. Several major businesses including AHW John Deere, Rick Ridings Ford and Bill Abbott's GM automotive dealerships, and County Market, bring more commerce into the community because of their level of service provided.

The John and Mary E. Kirby Hospital offers medical imagery services, surgeries, and more. On the same medical campus are Carle Medical Clinic and the Villas of Hollybrook, one of two assisted living facilities in Monticello. Decatur Memorial Hospital and Christie Clinic also have a presence in the community.