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Monroe, Indiana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
707
Population
$74,063
Median Income
$164,400
Home Value
30.6
Median Age

Demographics

Monroe has a population of 707 with a median age of 30.6. Here is the racial and ethnic breakdown of the population:

White
87.4%
Hispanic
10.2%
Other
2.4%
Demographic Value
Total Population707
Median Age30.6
White87.4%
Hispanic or Latino10.2%
Other / Two or More Races2.4%
Monroe, Indiana — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 87.4%Hispanic/Latino: 10.2%Other: 2.4%707PopulationWhiteWhite87.4%Hispanic/LatinoHispanic/Latino10.2%OtherOther2.4%

Income & Economy

The median household income in Monroe is $74,063, which is 8.1% below the national median of $80,610. The per capita income is $28,477. The poverty rate is 10.1%.

$74,063
Median Household Income
$28,477
Per Capita Income
10.1%
Poverty Rate

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Education

In Monroe, 95.6% of residents age 25+ have a high school diploma or higher, and 21.8% hold a bachelor's degree or higher (6.4% with a graduate or professional degree).

HS Diploma+
95.6%
Bachelor's+
21.8%
Graduate+
6.4%
Education Level % of Adults (25+)
High School Diploma or Higher95.6%
Bachelor's Degree or Higher21.8%
Graduate or Professional Degree6.4%

Housing

The median home value in Monroe is $164,400, below the national median of $303,400. The median monthly rent is $699. The homeownership rate is 78.1%.

$164,400
Median Home Value
$699/mo
Median Rent
78.1%
Homeownership Rate
Housing Metric Value
Median Home Value$164,400
Median Monthly Rent$699
Homeownership Rate78.1%
Vacancy Rate1.2%

Salaries in Indiana

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Other Cities in Indiana

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Frequently Asked Questions

What is the population of Monroe, Indiana?
The population of Monroe, Indiana is 707 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Monroe, Indiana?
The median household income in Monroe, Indiana is $74,063. This is 8.1% below the national median of $80,610.
What is the median home value in Monroe, Indiana?
The median home value in Monroe, Indiana is $164,400. The median monthly rent is $699.
What percentage of people in Monroe have a college degree?
In Monroe, Indiana, 21.8% of adults age 25 and older hold a bachelor's degree or higher, and 95.6% have a high school diploma or higher.
Is Monroe, Indiana an affordable place to live?
The home price-to-income ratio in Monroe, Indiana is 2.2x (median home value $164,400 vs. median income $74,063), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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