Living in Monroe, Michigan
Cost of living, income, home prices, rent and demographics of Monroe · Census data 2020–2024
Monroe has 20,320 residents with a median age of 37.6. The median household income is $59,813 (18% lower than the Michigan median), the median home value is $167,900, the median rent is $909/month.
Monroe at a glance
- Population
- 20,320
- Median age
- 37.6State: 40.2
- Median household income
- $59,813State: $72,875
- Median home value
- $167,900State: $231,600
- Median rent
- $909/moState: $1,129
- Homeowners
- 69.3%
- Bachelor's degree or higher
- 19.9%
- Average commute
- 21 min
Is Monroe a good place to live?
Pros: Home values 28% lower than the state median; an average commute of 21 minutes.
Cons: Median household income 18% lower than the Michigan median; unemployment of 7.3%; a poverty rate of 19.2%.
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 $167,900, 50% lower than the U.S. median. Renters pay a median of $909 per month, which is 35.7% of household income. Homeowners with a mortgage pay $1,344 a month in housing costs.
Monroe median household income
The median household income in Monroe is $59,813 and the income per person is $31,285. 19.2% of residents live below the poverty line (Michigan: 13.2%).
Housing in Monroe: homes for sale and rent
- Housing units
- 9,000
- Owner-occupied
- 69.3%
- Renter-occupied
- 30.7%
- Vacant
- 4.2%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 2.31
Monroe demographics
- Population
- 20,320
- Median age
- 37.6
- Under 18
- 23.5%
- 65 and older
- 15.8%
- Households
- 8,618
- Foreign-born
- 2.2%
- Veterans
- 5.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Monroe ›
Education in Monroe
19.9% of adults 25 and older in Monroe have a bachelor's degree or higher (Michigan: 32.4%), and 7.5% have a graduate or professional degree.
Jobs and commute in Monroe
- Unemployment rate
- 7.3%State: 5.7%
- Average commute
- 21 minState: 24 min
- Work from home
- 6.8%
- Drive alone
- 80.1%
- Public transit
- 1.1%
- Walk to work
- 2.9%
- Homes with broadband
- 90.2%
Monroe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monroe | 20,320 | $59,813 | $167,900 | $909 |
| South Monroe | 6,960 | $61,982 | $184,000 | $987 |
| West Monroe | 2,711 | $48,317 | $109,200 | $850 |
| Detroit Beach | 2,771 | $76,524 | $170,100 | — |
| Woodland Beach | 1,919 | $73,750 | $183,700 | — |
| Stony Point | 1,825 | $53,872 | $215,900 | $985 |
| Luna Pier | 1,244 | $61,641 | $188,800 | $395 |
| Estral Beach | 372 | $67,083 | $219,300 | — |
| Maybee | 634 | $54,706 | $251,000 | $943 |
More for people moving to Monroe
Monroe ZIP code ›Weather and climate ›Living in Monroe: FAQ
What is the median household income in Monroe, MI?
The median household income in Monroe is $59,813, 18% lower than the Michigan median of $72,875 (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 $167,900, compared with $231,600 in Michigan.
How much is rent in Monroe?
The median gross rent in Monroe is $909 per month, about 35.7% of household income.
Is Monroe, MI a good place to live?
Pluses: home values 28% lower than the state median; an average commute of 21 minutes. Minuses: median household income 18% lower than the Michigan median; unemployment of 7.3%; a poverty rate of 19.2%.
What is the median age in Monroe?
The median age in Monroe is 37.6 years (Michigan: 40.2).
How long is the commute in Monroe?
The average commute to work in Monroe is 21 minutes; 6.8% of workers work from home.
What is the unemployment rate in Monroe?
The unemployment rate in Monroe is 7.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monroe?
19.9% 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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