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Monrovia, 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
2,055
Population
$92,344
Median Income
$233,200
Home Value
29.4
Median Age

Demographics

Monrovia has a population of 2,055 with a median age of 29.4. Here is the racial and ethnic breakdown of the population:

White
83.2%
Hispanic
5.2%
Other
4.7%
Black
4.4%
Asian
2.5%
Demographic Value
Total Population2,055
Median Age29.4
White83.2%
Black or African American4.4%
Asian2.5%
Hispanic or Latino5.2%
Other / Two or More Races4.7%
Monrovia, Indiana — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 83.2%Hispanic/Latino: 5.2%Other: 4.7%Black: 4.4%Asian: 2.5%2,055PopulationWhiteWhite83.2%Hispanic/LatinoHispanic/Latino5.2%OtherOther4.7%BlackBlack4.4%AsianAsian2.5%

Income & Economy

The median household income in Monrovia is $92,344, which is 14.6% above the national median of $80,610. The per capita income is $34,820. The poverty rate is 6.4%.

$92,344
Median Household Income
$34,820
Per Capita Income
6.4%
Poverty Rate

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Education

In Monrovia, 91.9% of residents age 25+ have a high school diploma or higher, and 22.7% hold a bachelor's degree or higher (6.3% with a graduate or professional degree).

HS Diploma+
91.9%
Bachelor's+
22.7%
Graduate+
6.3%
Education Level % of Adults (25+)
High School Diploma or Higher91.9%
Bachelor's Degree or Higher22.7%
Graduate or Professional Degree6.3%

Housing

The median home value in Monrovia is $233,200, below the national median of $303,400. The median monthly rent is $1,385. The homeownership rate is 88.9%.

$233,200
Median Home Value
$1,385/mo
Median Rent
88.9%
Homeownership Rate
Housing Metric Value
Median Home Value$233,200
Median Monthly Rent$1,385
Homeownership Rate88.9%
Vacancy Rate3.3%

Salaries in Indiana

Explore salary data for popular occupations in Indiana:

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Other Cities in Indiana

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Frequently Asked Questions

What is the population of Monrovia, Indiana?
The population of Monrovia, Indiana is 2,055 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Monrovia, Indiana?
The median household income in Monrovia, Indiana is $92,344. This is 14.6% above the national median of $80,610.
What is the median home value in Monrovia, Indiana?
The median home value in Monrovia, Indiana is $233,200. The median monthly rent is $1,385.
What percentage of people in Monrovia have a college degree?
In Monrovia, Indiana, 22.7% of adults age 25 and older hold a bachelor's degree or higher, and 91.9% have a high school diploma or higher.
Is Monrovia, Indiana an affordable place to live?
The home price-to-income ratio in Monrovia, Indiana is 2.5x (median home value $233,200 vs. median income $92,344), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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