Living in Monroe, Iowa
Cost of living, income, home prices, rent and demographics of Monroe · Census data 2020–2024
Monroe has 2,120 residents with a median age of 35.3. The median household income is $80,375 (7% higher than the Iowa median), the median home value is $177,200, the median rent is $817/month.
Monroe at a glance
- Population
- 2,120
- Median age
- 35.3State: 38.6
- Median household income
- $80,375State: $75,059
- Median home value
- $177,200State: $208,000
- Median rent
- $817/moState: $972
- Homeowners
- 78.1%
- Bachelor's degree or higher
- 19%
- Average commute
- 24 min
Is Monroe a good place to live?
Pros: Median household income 7% higher than the Iowa median; home values 15% lower than the state median; a poverty rate of 8.1%.
Cons: An average commute of 24 minutes; unemployment of 6%.
The weather is best in June to September.
Cost of living in Monroe
Housing is the biggest part of the cost of living. In Monroe the median home value is $177,200, 47% lower than the U.S. median. Renters pay a median of $817 per month, which is 19.4% of household income. Homeowners with a mortgage pay $1,211 a month in housing costs.
Monroe median household income
The median household income in Monroe is $80,375 and the income per person is $35,613. 8.1% of residents live below the poverty line (Iowa: 11.1%).
Housing in Monroe: homes for sale and rent
- Housing units
- 885
- Owner-occupied
- 78.1%
- Renter-occupied
- 21.9%
- Vacant
- 0.9%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.42
Monroe demographics
- Population
- 2,120
- Median age
- 35.3
- Under 18
- 24.4%
- 65 and older
- 14.7%
- Households
- 877
- Foreign-born
- 1.2%
- Veterans
- 7.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Monroe ›
Education in Monroe
19% of adults 25 and older in Monroe have a bachelor's degree or higher (Iowa: 31.4%), and 4% have a graduate or professional degree.
Jobs and commute in Monroe
- Unemployment rate
- 6%State: 3.6%
- Average commute
- 24 minState: 20 min
- Work from home
- 4.3%
- Drive alone
- 89.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 91.8%
Monroe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monroe | 2,120 | $80,375 | $177,200 | $817 |
| Reasnor | 152 | $69,063 | $89,200 | $1,125 |
| Prairie City | 1,711 | $78,295 | $190,600 | $800 |
| Pella | 10,720 | $84,111 | $292,700 | $1,046 |
| Lambs Grove | 181 | $93,750 | $200,000 | — |
| Pleasantville | 1,899 | $67,614 | $168,300 | $866 |
| Newton | 15,700 | $57,771 | $153,700 | $819 |
| Colfax | 2,210 | $79,318 | $178,000 | $789 |
| Runnells | 440 | $101,500 | $231,600 | $444 |
More for people moving to Monroe
Monroe ZIP code ›Weather and climate ›Living in Monroe: FAQ
What is the median household income in Monroe, IA?
The median household income in Monroe is $80,375, 7% higher than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Monroe?
The median home value in Monroe is $177,200, compared with $208,000 in Iowa.
How much is rent in Monroe?
The median gross rent in Monroe is $817 per month, about 19.4% of household income.
Is Monroe, IA a good place to live?
Pluses: median household income 7% higher than the Iowa median; home values 15% lower than the state median; a poverty rate of 8.1%. Minuses: an average commute of 24 minutes; unemployment of 6%.
What is the median age in Monroe?
The median age in Monroe is 35.3 years (Iowa: 38.6).
How long is the commute in Monroe?
The average commute to work in Monroe is 24 minutes; 4.3% of workers work from home.
What is the unemployment rate in Monroe?
The unemployment rate in Monroe is 6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monroe?
19% of adults in Monroe 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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