Monsters of Folk was well received by critics. Music magazines Q, Mojo, and Rolling Stone each awarded the record four out of five stars. Lucas Schott of "The Tide" ranked "Monsters of Folk" the number 1 album of 2009. British newspapers The Guardian and The Times also gave the record a four out of five rating, the latter stating "this supergroup really is super." USA Today called the album a "harmonious and occasionally electrified blend of folk-rock, country and white soul."People magazine, however, gave the album two-and-a-half out of four stars, saying "There's so much talent in this supergroup-M. Ward, My Morning Jacket's Jim James, and Bright Eyes' Conor Oberst and Mike Mogis-that you kind of expect more from them." It added, "Still, dreamy tunes like the soulful "Dear God (Sincerely M.O.F.)" will help tame the beast within.