Montello, NV Profile: Facts & Data

The Montello CDP⁽¹⁾ had a population of 92 as of July 1, 2024. Montello ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Nevada. See peer rankings below.

The primary coordinate point for Montello is located at latitude 41.2613 and longitude -114.1942 in Elko County. The formal boundaries for the Montello Census Designated Place encompass a land area of 0.4 sq. miles and a water area of 0 sq. miles. Elko County is in the Pacific time zone (GMT -8).

The Montello Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Nevada is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Montello Census Designated Place is located within Montello Division of Elko County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Montello, NV Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	92 (100%)
Population in Households	92 (100.0%)
Population in Families	84 (91.3%)
Population in Group Quarters¹	0
Population Density	224
Diversity Index²	80


INCOME
Median Household Income	$87,978
Average Household Income	$96,446
% of Income for Mortgage⁴	0%
Per Capita Income	$37,740
Wealth Index⁵	62
Socioeconomic Status Index⁶	High (66.3)

HOUSING
Total HU (Housing Units)	60 (100%)
Owner Occupied HU	24 (40.0%)
Renter Occupied HU	12 (20.0%)
Vacant Housing Units	24 (40.0%)
Median Home Value	$266,667
Average Home Value	$220,833
Housing Affordability Index³	0

HOUSEHOLDS
Total Households	36
Average Household Size	2.56
Family Households	29
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Montello, NV - Peer Comparisons by Rank and Percentile

The table below compares Montello to the other 133 incorporated cities, towns and CDPs in Nevada by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	8.13%	1.48%
Households	-3.56%	1.61%
Families		-3.71%
Median Household Income		5.74%
Per Capita Income		2.89%
Owner Occupied HU		1.61%

Variable Description	Rank	Percentile
Total Population	# 117	13th
Population Density	# 57	58th
Median Household Income	# 41	70th
Housing Affordability Index	# 11	8th
Per Capita Income	# 67	50th
Diversity Index	# 16	89th

Montello, NV Profile: Facts & Data

Montello, Nevada - Basic Facts

Montello, NV Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Montello, NV - Peer Comparisons by Rank and Percentile

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