Living in Monroe, New Jersey
Cost of living, income, home prices, rent and demographics of Monroe · Census data 2020–2024
Monroe has 37,648 residents with a median age of 41.3. The median household income is $96,980 (6% lower than the New Jersey median), the median home value is $283,100, the median rent is $1,384/month.
Monroe at a glance
- Population
- 37,648
- Median age
- 41.3State: 40.1
- Median household income
- $96,980State: $103,556
- Median home value
- $283,100State: $454,400
- Median rent
- $1,384/moState: $1,720
- Homeowners
- 85.2%
- Bachelor's degree or higher
- 30.4%
- Average commute
- 32 min
Is Monroe a good place to live?
Pros: Home values 38% lower than the state median; a poverty rate of 8.2%.
Cons: Median household income 6% lower than the New Jersey median; an average commute of 32 minutes; unemployment of 6.7%.
The weather is best in May–June and August–September.
Cost of living in Monroe
Housing is the biggest part of the cost of living. In Monroe the median home value is $283,100, 15% lower than the U.S. median. Renters pay a median of $1,384 per month, which is 27.1% of household income. Homeowners with a mortgage pay $2,369 a month in housing costs.
Monroe median household income
The median household income in Monroe is $96,980 and the income per person is $47,068. 8.2% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Monroe: homes for sale and rent
- Housing units
- 14,850
- Owner-occupied
- 85.2%
- Renter-occupied
- 14.8%
- Vacant
- 4.9%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.65
Monroe demographics
- Population
- 37,648
- Median age
- 41.3
- Under 18
- 20.3%
- 65 and older
- 17%
- Households
- 14,116
- Foreign-born
- 4.5%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Monroe ›
Education in Monroe
30.4% of adults 25 and older in Monroe have a bachelor's degree or higher (New Jersey: 43.6%), and 10.1% have a graduate or professional degree.
Jobs and commute in Monroe
- Unemployment rate
- 6.7%State: 6.3%
- Average commute
- 32 minState: 31 min
- Work from home
- 13.7%
- Drive alone
- 75.6%
- Public transit
- 1.1%
- Walk to work
- 1.5%
- Homes with broadband
- 92%
Monroe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monroe | 37,648 | $96,980 | $283,100 | $1,384 |
| Williamstown | 14,705 | $89,414 | $278,600 | $1,266 |
| Victory Lakes | 1,577 | $89,907 | $271,800 | — |
| Winslow | 40,090 | $99,093 | $272,800 | $1,394 |
| Franklin | 16,490 | $110,197 | $306,800 | $1,602 |
| Clayton | 8,921 | $90,274 | $252,300 | $1,246 |
| Sicklerville | 44,998 | $105,602 | $278,900 | $1,566 |
| Franklinville | 1,904 | $122,179 | $268,100 | $1,646 |
| Collings Lakes | 1,988 | $113,061 | $217,200 | — |
More for people moving to Monroe
Monroe ZIP code ›Weather and climate ›Living in Monroe: FAQ
What is the median household income in Monroe, NJ?
The median household income in Monroe is $96,980, 6% lower than the New Jersey median of $103,556 (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 $283,100, compared with $454,400 in New Jersey.
How much is rent in Monroe?
The median gross rent in Monroe is $1,384 per month, about 27.1% of household income.
Is Monroe, NJ a good place to live?
Pluses: home values 38% lower than the state median; a poverty rate of 8.2%. Minuses: median household income 6% lower than the New Jersey median; an average commute of 32 minutes; unemployment of 6.7%.
What is the median age in Monroe?
The median age in Monroe is 41.3 years (New Jersey: 40.1).
How long is the commute in Monroe?
The average commute to work in Monroe is 32 minutes; 13.7% of workers work from home.
What is the unemployment rate in Monroe?
The unemployment rate in Monroe is 6.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monroe?
30.4% 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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