Living in Monroe, New Jersey
Cost of living, income, home prices, rent and demographics of Monroe · Census data 2020–2024
Monroe has 49,032 residents with a median age of 57.8. The median household income is $107,892 (4% higher than the New Jersey median), the median home value is $540,900, the median rent is $2,031/month.
Monroe at a glance
- Population
- 49,032
- Median age
- 57.8State: 40.1
- Median household income
- $107,892State: $103,556
- Median home value
- $540,900State: $454,400
- Median rent
- $2,031/moState: $1,720
- Homeowners
- 91.1%
- Bachelor's degree or higher
- 53.8%
- Average commute
- 40 min
Is Monroe a good place to live?
Pros: Median household income 4% higher than the New Jersey median; unemployment of 5.3%; a poverty rate of 3.7%.
Cons: Home values 19% higher than the state median; an average commute of 40 minutes.
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 $540,900, 63% higher than the U.S. median. Renters pay a median of $2,031 per month, which is 45.5% of household income. Homeowners with a mortgage pay $3,064 a month in housing costs.
Monroe median household income
The median household income in Monroe is $107,892 and the income per person is $69,907. 3.7% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Monroe: homes for sale and rent
- Housing units
- 22,419
- Owner-occupied
- 91.1%
- Renter-occupied
- 8.9%
- Vacant
- 2.8%Includes seasonal homes
- Median year built
- 1995
- Average household size
- 2.23
Monroe demographics
- Population
- 49,032
- Median age
- 57.8
- Under 18
- 16.6%
- 65 and older
- 39.6%
- Households
- 21,781
- Foreign-born
- 26.6%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Monroe ›
Education in Monroe
53.8% of adults 25 and older in Monroe have a bachelor's degree or higher (New Jersey: 43.6%), and 23.6% have a graduate or professional degree.
Jobs and commute in Monroe
- Unemployment rate
- 5.3%State: 6.3%
- Average commute
- 40 minState: 31 min
- Work from home
- 27.5%
- Drive alone
- 61.4%
- Public transit
- 5.4%
- Walk to work
- 0.7%
- Homes with broadband
- 93.2%
Monroe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monroe | 49,032 | $107,892 | $540,900 | $2,031 |
| Concordia | 2,611 | $62,206 | $327,500 | $2,130 |
| Whittingham | 2,480 | $77,550 | $419,000 | — |
| The Ponds | 1,097 | $73,249 | $373,800 | $1,791 |
| Encore at Monroe | 872 | $76,511 | $491,900 | — |
| Clearbrook | 2,375 | $37,411 | $282,000 | $1,739 |
| Jamesburg | 5,770 | $110,972 | $367,200 | $1,957 |
| Regency at Monroe | 1,991 | $91,386 | $689,100 | — |
| Rossmoor | 3,350 | $64,074 | $194,300 | $1,661 |
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 $107,892, 4% higher 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 $540,900, compared with $454,400 in New Jersey.
How much is rent in Monroe?
The median gross rent in Monroe is $2,031 per month, about 45.5% of household income.
Is Monroe, NJ a good place to live?
Pluses: median household income 4% higher than the New Jersey median; unemployment of 5.3%; a poverty rate of 3.7%. Minuses: home values 19% higher than the state median; an average commute of 40 minutes.
What is the median age in Monroe?
The median age in Monroe is 57.8 years (New Jersey: 40.1).
How long is the commute in Monroe?
The average commute to work in Monroe is 40 minutes; 27.5% of workers work from home.
What is the unemployment rate in Monroe?
The unemployment rate in Monroe is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monroe?
53.8% 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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