Living in Monroe, Maine
Cost of living, income, home prices, rent and demographics of Monroe · Census data 2020–2024
Monroe has 1,001 residents with a median age of 43.5. The median household income is $81,300 (9% higher than the Maine median), the median home value is $220,300, the median rent is $1,165/month.
Monroe is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Monroe at a glance
- Population
- 1,001
- Median age
- 43.5State: 44.8
- Median household income
- $81,300State: $74,733
- Median home value
- $220,300State: $296,600
- Median rent
- $1,165/moState: $1,139
- Homeowners
- 87.4%
- Bachelor's degree or higher
- 29.1%
- Average commute
- 32 min
Is Monroe a good place to live?
Pros: Median household income 9% higher than the Maine median; home values 26% lower than the state median.
Cons: An average commute of 32 minutes; unemployment of 5.7%; a poverty rate of 11.3%.
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 $220,300, 34% lower than the U.S. median. Renters pay a median of $1,165 per month, which is 35.6% of household income. Homeowners with a mortgage pay $1,399 a month in housing costs.
Monroe median household income
The median household income in Monroe is $81,300 and the income per person is $36,700. 11.3% of residents live below the poverty line (Maine: 10.7%).
Housing in Monroe: homes for sale and rent
- Housing units
- 470
- Owner-occupied
- 87.4%
- Renter-occupied
- 12.6%
- Vacant
- 10.2%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.37
Monroe demographics
- Population
- 1,001
- Median age
- 43.5
- Under 18
- 23.7%
- 65 and older
- 22.6%
- Households
- 422
- Foreign-born
- 2.9%
- Veterans
- 13.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Monroe ›
Education in Monroe
29.1% of adults 25 and older in Monroe have a bachelor's degree or higher (Maine: 36.2%), and 13.1% have a graduate or professional degree.
Jobs and commute in Monroe
- Unemployment rate
- 5.7%State: 3.8%
- Average commute
- 32 minState: 25 min
- Work from home
- 11.8%
- Drive alone
- 76.6%
- Public transit
- 0%
- Walk to work
- 8.8%
- Homes with broadband
- 94.1%
Monroe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monroe | 1,001 | $81,300 | $220,300 | $1,165 |
| Jackson | 567 | $75,167 | $231,500 | $629 |
| Brooks | 1,208 | $59,130 | $196,700 | $1,116 |
| Swanville | 1,195 | $51,935 | $237,300 | $1,191 |
| Frankfort | 1,098 | $80,000 | $211,300 | $850 |
| Newburgh | 1,475 | $76,750 | $244,600 | $950 |
| Dixmont | 1,207 | $75,952 | $190,700 | $1,348 |
| Winterport | 3,850 | $98,333 | $283,000 | — |
| Thorndike | 1,403 | $78,438 | $205,600 | $836 |
More for people moving to Monroe
Monroe ZIP code ›Weather and climate ›Living in Monroe: FAQ
What is the median household income in Monroe, ME?
The median household income in Monroe is $81,300, 9% higher than the Maine median of $74,733 (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 $220,300, compared with $296,600 in Maine.
How much is rent in Monroe?
The median gross rent in Monroe is $1,165 per month, about 35.6% of household income.
Is Monroe, ME a good place to live?
Pluses: median household income 9% higher than the Maine median; home values 26% lower than the state median. Minuses: an average commute of 32 minutes; unemployment of 5.7%; a poverty rate of 11.3%.
What is the median age in Monroe?
The median age in Monroe is 43.5 years (Maine: 44.8).
How long is the commute in Monroe?
The average commute to work in Monroe is 32 minutes; 11.8% of workers work from home.
What is the unemployment rate in Monroe?
The unemployment rate in Monroe is 5.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monroe?
29.1% 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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