Living in Monon, Indiana
Cost of living, income, home prices, rent and demographics of Monon · Census data 2020–2024
Monon has 2,091 residents with a median age of 22.2. The median household income is $49,286 (32% lower than the Indiana median), the median home value is $96,000, the median rent is $912/month.
Monon at a glance
- Population
- 2,091
- Median age
- 22.2State: 38.1
- Median household income
- $49,286State: $71,957
- Median home value
- $96,000State: $218,200
- Median rent
- $912/moState: $1,062
- Homeowners
- 62.9%
- Bachelor's degree or higher
- 6.3%
- Average commute
- 22 min
Is Monon a good place to live?
Pros: Home values 56% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 32% lower than the Indiana median; unemployment of 4.8%; a poverty rate of 23.7%.
The weather is best in June to September.
Cost of living in Monon
Housing is the biggest part of the cost of living. In Monon the median home value is $96,000, 71% lower than the U.S. median. Renters pay a median of $912 per month, which is 20.9% of household income. Homeowners with a mortgage pay $1,032 a month in housing costs.
Monon median household income
The median household income in Monon is $49,286 and the income per person is $17,294. 23.7% of residents live below the poverty line (Indiana: 12.3%).
Housing in Monon: homes for sale and rent
- Housing units
- 701
- Owner-occupied
- 62.9%
- Renter-occupied
- 37.1%
- Vacant
- 12.7%Includes seasonal homes
- Median year built
- 1952
- Average household size
- 3.39
Monon demographics
- Population
- 2,091
- Median age
- 22.2
- Under 18
- 41.3%
- 65 and older
- 7%
- Households
- 612
- Foreign-born
- 41.3%
- Veterans
- 4.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Monon ›
Education in Monon
6.3% of adults 25 and older in Monon have a bachelor's degree or higher (Indiana: 29.5%), and 2.2% have a graduate or professional degree.
Jobs and commute in Monon
- Unemployment rate
- 4.8%State: 4.3%
- Average commute
- 22 minState: 24 min
- Work from home
- 0.4%
- Drive alone
- 76.4%
- Public transit
- 0%
- Walk to work
- 1.8%
- Homes with broadband
- 95.6%
Monon vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monon | 2,091 | $49,286 | $96,000 | $912 |
| Buffalo | 947 | $89,934 | $125,000 | — |
| Reynolds | 718 | $58,750 | $123,900 | $1,300 |
| Norway | 282 | $39,286 | $106,000 | — |
| Francesville | 946 | $65,000 | $131,900 | $961 |
| Monticello | 5,496 | $52,798 | $149,600 | $927 |
| Wolcott | 1,033 | $66,875 | $113,900 | $844 |
| Chalmers | 526 | $70,500 | $162,500 | $744 |
| Idaville | 399 | $49,323 | $136,300 | — |
More for people moving to Monon
Monon ZIP code ›Weather and climate ›Living in Monon: FAQ
What is the median household income in Monon, IN?
The median household income in Monon is $49,286, 32% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Monon?
The median home value in Monon is $96,000, compared with $218,200 in Indiana.
How much is rent in Monon?
The median gross rent in Monon is $912 per month, about 20.9% of household income.
Is Monon, IN a good place to live?
Pluses: home values 56% lower than the state median; an average commute of 22 minutes. Minuses: median household income 32% lower than the Indiana median; unemployment of 4.8%; a poverty rate of 23.7%.
What is the median age in Monon?
The median age in Monon is 22.2 years (Indiana: 38.1).
How long is the commute in Monon?
The average commute to work in Monon is 22 minutes; 0.4% of workers work from home.
What is the unemployment rate in Monon?
The unemployment rate in Monon is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monon?
6.3% of adults in Monon 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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