Lake Monticello vs Palmyra

A side-by-side comparison of Lake Monticello and Palmyra: population, income, housing, and more.

Lake Monticello and Palmyra are places in Virginia. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Lake Monticello has the higher population (10,820 vs 25 in Palmyra). Since 2019, Lake Monticello's population has grown faster (-0.4% vs -75.7%).

Population, income & housing

	Lake Monticello	Palmyra
Population	10,820	25
Median age	40.7 yrs	—
Median household income	$101,363	—
Median home value	$288,300	—
Median gross rent	$2,167	—
Housing units	4,586	10
Homeownership rate	96.6%	100.0%
Bachelor's degree or higher	49.8%	60.0%
Unemployment rate	2.1%	0.0%

Trends (ACS 5-year, 2019–2023)

	Lake Monticello	Palmyra
Population	10,862 → 10,820 (-0.4%)	103 → 25 (-75.7%)
Median household income	$80,759 → $101,363 (+25.5%)	—
Median home value	$228,900 → $288,300 (+26.0%)	—
Median gross rent	$1,571 → $2,167 (+37.9%)	—

Lake Monticello

Population

10,86210,820

Median household income

$80,759$101,363

Median home value

$228,900$288,300

Median gross rent

$1,571$2,167

Palmyra

Population

10325

Age & race/ethnicity

Age distribution (share)

	Lake Monticello	Palmyra
Under 5	8.3%	0.0%
5 to 17	13.7%	0.0%
18 to 24	6.3%	0.0%
25 to 34	14.0%	0.0%
35 to 44	10.7%	0.0%
45 to 54	10.5%	40.0%
55 to 64	13.1%	60.0%
65 to 74	13.8%	0.0%
75 and over	9.5%	0.0%

Race & ethnicity (share)

	Lake Monticello	Palmyra
White (non-Hispanic)	79.5%	100.0%
Black or African American	6.5%	0.0%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.4%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.8%	0.0%
Two or more races	5.9%	0.0%
Hispanic or Latino	6.9%	0.0%

Educational attainment (age 25+)

Share of adults 25+

	Lake Monticello	Palmyra
No high school diploma	1.0%	0.0%
High school graduate	14.7%	0.0%
Some college or associate's	34.5%	40.0%
Bachelor's degree	27.2%	0.0%
Graduate or professional degree	22.6%	60.0%

Commute to work

How workers get to work (share)

	Lake Monticello	Palmyra
Drove alone	68.4%	60.0%
Carpooled	9.3%	0.0%
Public transit	0.0%	0.0%
Walked	1.8%	0.0%
Bicycle	0.0%	0.0%
Worked from home	18.0%	40.0%
Other means	2.6%	0.0%

Housing

Units in structure (share)

	Lake Monticello	Palmyra
1-unit, detached	97.9%	100.0%
1-unit, attached	2.1%	0.0%
2 to 4 units	0.0%	0.0%
5 to 19 units	0.0%	0.0%
20 or more units	0.0%	0.0%
Mobile home & other	0.0%	0.0%

Poverty & households

	Lake Monticello	Palmyra
Poverty rate	7.5%	0.0%
Average household size	2.55	2.50
Mean commute (minutes)	30	—
Median year structure built	1996	—