Allgame gave positive reviews of the game. It said that game includes everything from hidden items, simplistic gameplay, fun and replay value, and basic but good-looking graphics. Defunct Games called "Wonder Boy in Monster Land" the most challenging game in the "Wonder Boy" series, noting the lack of passwords or continues in the Master System version, the relatively few chances to earn extra lives, and a time limit. The review said that the ability to earn gold and upgrade equipment which are laid out in the status screen tremendously adds to the replay value. It praised the responsive, though sometimes not precise, controls and the tight hit detection. Moreover, it said that the graphics were colorful and that it complemented the music and its simplistic sound effects well. Overall, the review said that the game is recommended for Master System and platforming fans alike.