Living in Monroe City, Indiana
Cost of living, income, home prices, rent and demographics of Monroe City · Census data 2020–2024
Monroe City has 767 residents with a median age of 33.6. The median household income is $56,094 (22% lower than the Indiana median), the median home value is $144,800, the median rent is $867/month.
Monroe City is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Monroe City at a glance
- Population
- 767
- Median age
- 33.6State: 38.1
- Median household income
- $56,094State: $71,957
- Median home value
- $144,800State: $218,200
- Median rent
- $867/moState: $1,062
- Homeowners
- 62%
- Bachelor's degree or higher
- 11.9%
- Average commute
- 25 min
Is Monroe City a good place to live?
Pros: Home values 34% lower than the state median; unemployment of 0.8%.
Cons: Median household income 22% lower than the Indiana median; an average commute of 25 minutes; a poverty rate of 28.7%.
The weather is best in May and August to October.
Cost of living in Monroe City
Housing is the biggest part of the cost of living. In Monroe City the median home value is $144,800, 56% lower than the U.S. median. Renters pay a median of $867 per month, which is 22% of household income. Homeowners with a mortgage pay $990 a month in housing costs.
Monroe City median household income
The median household income in Monroe City is $56,094 and the income per person is $31,832. 28.7% of residents live below the poverty line (Indiana: 12.3%).
Housing in Monroe City: homes for sale and rent
- Housing units
- 315
- Owner-occupied
- 62%
- Renter-occupied
- 38%
- Vacant
- 3.2%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.51
Monroe City demographics
- Population
- 767
- Median age
- 33.6
- Under 18
- 25.6%
- 65 and older
- 12.4%
- Households
- 305
- Foreign-born
- 0%
- Veterans
- 4.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Monroe City ›
Education in Monroe City
11.9% of adults 25 and older in Monroe City have a bachelor's degree or higher (Indiana: 29.5%), and 2.4% have a graduate or professional degree.
Jobs and commute in Monroe City
- Unemployment rate
- 0.8%State: 4.3%
- Average commute
- 25 minState: 24 min
- Work from home
- 3.1%
- Drive alone
- 88.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 91.1%
Monroe City vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monroe City | 767 | $56,094 | $144,800 | $867 |
| Wheatland | 349 | $42,344 | $83,300 | $824 |
| Petersburg | 2,414 | $54,188 | $122,000 | $797 |
| Vincennes | 16,586 | $53,637 | $111,600 | $793 |
| Alford | 210 | $33,281 | $134,000 | — |
| Bruceville | 446 | $55,000 | $92,700 | $675 |
| Washington | 12,367 | $50,331 | $152,200 | $858 |
| Bicknell | 3,017 | $52,188 | $66,300 | $844 |
| Hazleton | 196 | $64,250 | $69,000 | — |
More for people moving to Monroe City
Monroe City ZIP code ›Weather and climate ›Living in Monroe City: FAQ
What is the median household income in Monroe City, IN?
The median household income in Monroe City is $56,094, 22% 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 Monroe City?
The median home value in Monroe City is $144,800, compared with $218,200 in Indiana.
How much is rent in Monroe City?
The median gross rent in Monroe City is $867 per month, about 22% of household income.
Is Monroe City, IN a good place to live?
Pluses: home values 34% lower than the state median; unemployment of 0.8%. Minuses: median household income 22% lower than the Indiana median; an average commute of 25 minutes; a poverty rate of 28.7%.
What is the median age in Monroe City?
The median age in Monroe City is 33.6 years (Indiana: 38.1).
How long is the commute in Monroe City?
The average commute to work in Monroe City is 25 minutes; 3.1% of workers work from home.
What is the unemployment rate in Monroe City?
The unemployment rate in Monroe City is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monroe City?
11.9% of adults in Monroe City 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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