Living in Monroe, Louisiana
Cost of living, income, home prices, rent and demographics of Monroe · Census data 2020–2024
Monroe has 47,004 residents with a median age of 35. The median household income is $40,505 (33% lower than the Louisiana median), the median home value is $198,900, the median rent is $886/month.
Monroe at a glance
- Population
- 47,004
- Median age
- 35State: 38
- Median household income
- $40,505State: $60,756
- Median home value
- $198,900State: $216,500
- Median rent
- $886/moState: $1,064
- Homeowners
- 47.8%
- Bachelor's degree or higher
- 32.4%
- Average commute
- 18 min
Is Monroe a good place to live?
Pros: Home values 8% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 33% lower than the Louisiana median; unemployment of 10.2%; a poverty rate of 35.9%.
The weather is best in April–May and September–October.
Cost of living in Monroe
Housing is the biggest part of the cost of living. In Monroe the median home value is $198,900, 40% lower than the U.S. median. Renters pay a median of $886 per month, which is 41.5% of household income. Homeowners with a mortgage pay $1,495 a month in housing costs.
Monroe median household income
The median household income in Monroe is $40,505 and the income per person is $30,526. 35.9% of residents live below the poverty line (Louisiana: 18.9%).
Housing in Monroe: homes for sale and rent
- Housing units
- 21,574
- Owner-occupied
- 47.8%
- Renter-occupied
- 52.2%
- Vacant
- 15%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.41
Monroe demographics
- Population
- 47,004
- Median age
- 35
- Under 18
- 25.6%
- 65 and older
- 16.2%
- Households
- 18,335
- Foreign-born
- 2.5%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of Monroe ›
Education in Monroe
32.4% of adults 25 and older in Monroe have a bachelor's degree or higher (Louisiana: 27%), and 14.6% have a graduate or professional degree.
Jobs and commute in Monroe
- Unemployment rate
- 10.2%State: 6.3%
- Average commute
- 18 minState: 26 min
- Work from home
- 7.5%
- Drive alone
- 72.8%
- Public transit
- 2.7%
- Walk to work
- 3.7%
- Homes with broadband
- 80.3%
Monroe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monroe | 47,004 | $40,505 | $198,900 | $886 |
| Lakeshore | 3,437 | $48,214 | $166,800 | $1,061 |
| West Monroe | 12,729 | $49,386 | $192,400 | $826 |
| Richwood | 3,839 | $31,680 | $53,000 | $978 |
| Brownsville | 4,357 | $35,526 | $74,700 | $857 |
| Bawcomville | 2,804 | $24,929 | $61,500 | $945 |
| Swartz | 4,110 | $67,287 | $199,800 | $1,150 |
| Claiborne | 13,308 | $72,420 | $219,200 | $1,206 |
| Sterlington | 2,229 | $69,007 | $228,400 | $1,078 |
More for people moving to Monroe
Monroe ZIP code ›Weather and climate ›Living in Monroe: FAQ
What is the median household income in Monroe, LA?
The median household income in Monroe is $40,505, 33% lower than the Louisiana median of $60,756 (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 $198,900, compared with $216,500 in Louisiana.
How much is rent in Monroe?
The median gross rent in Monroe is $886 per month, about 41.5% of household income.
Is Monroe, LA a good place to live?
Pluses: home values 8% lower than the state median; an average commute of 18 minutes. Minuses: median household income 33% lower than the Louisiana median; unemployment of 10.2%; a poverty rate of 35.9%.
What is the median age in Monroe?
The median age in Monroe is 35 years (Louisiana: 38).
How long is the commute in Monroe?
The average commute to work in Monroe is 18 minutes; 7.5% of workers work from home.
What is the unemployment rate in Monroe?
The unemployment rate in Monroe is 10.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monroe?
32.4% 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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