College Costs in Lake Monticello, VA 2026
Compare tuition, housing, and financial aid across 1 colleges in Lake Monticello, Virginia. Use our free calculator to estimate your total cost.
Avg Public Tuition
$14,200
per year
Avg Private Tuition
$38,000
per year
Avg Rent Near Campus
$939
per month
Colleges & Universities
1
institutions
Lake Monticello Overview
Population
11,014
Student Population
2,183 (19.8%)
Cost of Living Index
98.6 (avg: 100)
Walk Score
46/100
Transit Score
17/100
Unemployment Rate
2.2%
College Cost Calculator for Lake Monticello
Cost Inputs
Total Cost (4 Years, Public In-State)
$110,544
Total After Financial Aid
$110,544
Annual Cost
$27,636
Annual After Aid
$27,636
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $110,544 |
| Monthly Payment | $1,255 |
| Total Interest | $40,081 |
| Total Loan Cost | $150,625 |
Universities in Lake Monticello
| University | Type | Annual Tuition |
|---|---|---|
| Lake Monticello State University | Public | $14,870 |
| Lake Monticello Community College | Community | $5,374 |
Lake Monticello has 1 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Lake Monticello vs. National Average
| Category | Lake Monticello | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $14,200 | $10,940 | +$3,260 |
| Monthly Rent Near Campus | $939 | $1,050 | -$111 |
| Cost of Living Index | 98.6 | 100 | -1.4000000000000057 |
Lake Monticello's cost of living is near the national average. Students can expect typical expenses comparable to most other U.S. cities.
Student Life in Lake Monticello
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
2,183 students
Lake Monticello has a total population of 11,014, with approximately 2,183 college students (19.8% of the population). As a major college town, Lake Monticello offers a vibrant campus atmosphere with student-friendly businesses, affordable dining options, and active social scene.
Post-Graduation Outlook in Lake Monticello
$46,088
Starting Salary
2.2%
Unemployment Rate
56%
Graduation Rate
~10 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Lake Monticello earn a median starting salary of $46,088, which is $11,088 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $110,544 (including room and board), it would take approximately 10 years of the salary premium to recoup the investment. With average financial aid of $13,709 per student per year, the net cost and payback period can be significantly reduced.
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