Living in Monrovia, Indiana
Cost of living, income, home prices, rent and demographics of Monrovia · Census data 2020–2024
Monrovia has 2,055 residents with a median age of 29.4. The median household income is $92,344 (28% higher than the Indiana median), the median home value is $233,200, the median rent is $1,385/month.
Monrovia at a glance
- Population
- 2,055
- Median age
- 29.4State: 38.1
- Median household income
- $92,344State: $71,957
- Median home value
- $233,200State: $218,200
- Median rent
- $1,385/moState: $1,062
- Homeowners
- 88.9%
- Bachelor's degree or higher
- 22.7%
- Average commute
- 38 min
Is Monrovia a good place to live?
Pros: Median household income 28% higher than the Indiana median; unemployment of 2.4%; a poverty rate of 6.4%.
Cons: Home values 7% higher than the state median; an average commute of 38 minutes.
The weather is best in May–June and August–September.
Cost of living in Monrovia
Housing is the biggest part of the cost of living. In Monrovia the median home value is $233,200, 30% lower than the U.S. median. Renters pay a median of $1,385 per month, which is 21.9% of household income. Homeowners with a mortgage pay $1,448 a month in housing costs.
Monrovia median household income
The median household income in Monrovia is $92,344 and the income per person is $34,820. 6.4% of residents live below the poverty line (Indiana: 12.3%).
Housing in Monrovia: homes for sale and rent
- Housing units
- 717
- Owner-occupied
- 88.9%
- Renter-occupied
- 11.1%
- Vacant
- 3.3%Includes seasonal homes
- Median year built
- 2007
- Average household size
- 2.97
Monrovia demographics
- Population
- 2,055
- Median age
- 29.4
- Under 18
- 33.1%
- 65 and older
- 5.6%
- Households
- 693
- Foreign-born
- 3.8%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Monrovia ›
Education in Monrovia
22.7% of adults 25 and older in Monrovia have a bachelor's degree or higher (Indiana: 29.5%), and 6.3% have a graduate or professional degree.
Jobs and commute in Monrovia
- Unemployment rate
- 2.4%State: 4.3%
- Average commute
- 38 minState: 24 min
- Work from home
- 14.7%
- Drive alone
- 76%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 91.3%
Monrovia vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monrovia | 2,055 | $92,344 | $233,200 | $1,385 |
| Belleville | 813 | $72,986 | $261,600 | — |
| Mooresville | 9,751 | $68,983 | $206,400 | $1,089 |
| Brooklyn | 2,570 | $58,176 | $119,000 | $1,011 |
| Clayton | 818 | $82,188 | $229,300 | $1,174 |
| Foxcliff Estates | 1,674 | $142,070 | $488,800 | — |
| Stilesville | 296 | $74,821 | $193,300 | — |
| Plainfield | 36,369 | $87,272 | $280,600 | $1,499 |
| Amo | 417 | $91,250 | $168,100 | $1,000 |
More for people moving to Monrovia
Monrovia ZIP code ›Weather and climate ›Living in Monrovia: FAQ
What is the median household income in Monrovia, IN?
The median household income in Monrovia is $92,344, 28% higher 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 Monrovia?
The median home value in Monrovia is $233,200, compared with $218,200 in Indiana.
How much is rent in Monrovia?
The median gross rent in Monrovia is $1,385 per month, about 21.9% of household income.
Is Monrovia, IN a good place to live?
Pluses: median household income 28% higher than the Indiana median; unemployment of 2.4%; a poverty rate of 6.4%. Minuses: home values 7% higher than the state median; an average commute of 38 minutes.
What is the median age in Monrovia?
The median age in Monrovia is 29.4 years (Indiana: 38.1).
How long is the commute in Monrovia?
The average commute to work in Monrovia is 38 minutes; 14.7% of workers work from home.
What is the unemployment rate in Monrovia?
The unemployment rate in Monrovia is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monrovia?
22.7% of adults in Monrovia 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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