Living in Monroe Center, Illinois
Cost of living, income, home prices, rent and demographics of Monroe Center · Census data 2020–2024
Monroe Center has 369 residents with a median age of 40.1. The median household income is $93,056 (12% higher than the Illinois median), the median home value is $164,700, the median rent is $1,027/month.
Monroe Center is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Monroe Center at a glance
- Population
- 369
- Median age
- 40.1State: 39
- Median household income
- $93,056State: $83,390
- Median home value
- $164,700State: $263,300
- Median rent
- $1,027/moState: $1,274
- Homeowners
- 81.3%
- Bachelor's degree or higher
- 24.5%
- Average commute
- 35 min
Is Monroe Center a good place to live?
Pros: Median household income 12% higher than the Illinois median; home values 37% lower than the state median; unemployment of 3.3%; a poverty rate of 4.9%.
Cons: An average commute of 35 minutes.
The weather is best in June to September.
Cost of living in Monroe Center
Housing is the biggest part of the cost of living. In Monroe Center the median home value is $164,700, 50% lower than the U.S. median. Renters pay a median of $1,027 per month, which is 22.5% of household income. Homeowners with a mortgage pay $1,472 a month in housing costs.
Monroe Center median household income
The median household income in Monroe Center is $93,056 and the income per person is $43,459. 4.9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Monroe Center: homes for sale and rent
- Housing units
- 164
- Owner-occupied
- 81.3%
- Renter-occupied
- 18.8%
- Vacant
- 2.4%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.31
Monroe Center demographics
- Population
- 369
- Median age
- 40.1
- Under 18
- 20.9%
- 65 and older
- 13%
- Households
- 160
- Foreign-born
- 1.1%
- Veterans
- 6.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Monroe Center ›
Education in Monroe Center
24.5% of adults 25 and older in Monroe Center have a bachelor's degree or higher (Illinois: 37.8%), and 8.2% have a graduate or professional degree.
Jobs and commute in Monroe Center
- Unemployment rate
- 3.3%State: 5.8%
- Average commute
- 35 minState: 28 min
- Work from home
- 7.8%
- Drive alone
- 77.9%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 90%
Monroe Center vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monroe Center | 369 | $93,056 | $164,700 | $1,027 |
| Davis Junction | 2,757 | $107,833 | $205,500 | $1,250 |
| New Milford | 1,194 | $76,458 | $132,500 | $744 |
| Holcomb | 152 | $68,125 | $130,600 | $850 |
| Kirkland | 1,525 | $94,338 | $191,600 | $875 |
| Kings | 332 | $68,750 | $176,400 | $1,075 |
| Cherry Valley | 3,749 | $74,655 | $232,800 | $1,024 |
| Stillman Valley | 1,260 | $87,833 | $175,800 | $1,307 |
| Hillcrest | 1,824 | $80,568 | $164,200 | $1,295 |
More for people moving to Monroe Center
Monroe Center ZIP code ›Weather and climate ›Living in Monroe Center: FAQ
What is the median household income in Monroe Center, IL?
The median household income in Monroe Center is $93,056, 12% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Monroe Center?
The median home value in Monroe Center is $164,700, compared with $263,300 in Illinois.
How much is rent in Monroe Center?
The median gross rent in Monroe Center is $1,027 per month, about 22.5% of household income.
Is Monroe Center, IL a good place to live?
Pluses: median household income 12% higher than the Illinois median; home values 37% lower than the state median; unemployment of 3.3%; a poverty rate of 4.9%. Minuses: an average commute of 35 minutes.
What is the median age in Monroe Center?
The median age in Monroe Center is 40.1 years (Illinois: 39).
How long is the commute in Monroe Center?
The average commute to work in Monroe Center is 35 minutes; 7.8% of workers work from home.
What is the unemployment rate in Monroe Center?
The unemployment rate in Monroe Center is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monroe Center?
24.5% of adults in Monroe Center have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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