Living in Monroe, North Carolina
Cost of living, income, home prices, rent and demographics of Monroe · Census data 2020–2024
Monroe has 36,759 residents with a median age of 35.5. The median household income is $72,540 (about the same as the North Carolina median), the median home value is $309,100, the median rent is $1,246/month.
Monroe at a glance
- Population
- 36,759
- Median age
- 35.5State: 39.1
- Median household income
- $72,540State: $72,388
- Median home value
- $309,100State: $288,900
- Median rent
- $1,246/moState: $1,228
- Homeowners
- 61.6%
- Bachelor's degree or higher
- 24.1%
- Average commute
- 30 min
Is Monroe a good place to live?
Pros: Median household income about the same as the North Carolina median; unemployment of 4.6%.
Cons: Home values 7% higher than the state median; an average commute of 30 minutes; a poverty rate of 13.3%.
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 $309,100, 7% lower than the U.S. median. Renters pay a median of $1,246 per month, which is 29.6% of household income. Homeowners with a mortgage pay $1,615 a month in housing costs.
Monroe median household income
The median household income in Monroe is $72,540 and the income per person is $31,089. 13.3% of residents live below the poverty line (North Carolina: 13%).
Housing in Monroe: homes for sale and rent
- Housing units
- 13,469
- Owner-occupied
- 61.6%
- Renter-occupied
- 38.4%
- Vacant
- 6.3%Includes seasonal homes
- Median year built
- 1989
- Average household size
- 2.86
Monroe demographics
- Population
- 36,759
- Median age
- 35.5
- Under 18
- 24.5%
- 65 and older
- 14.9%
- Households
- 12,620
- Foreign-born
- 17.8%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Monroe ›
Education in Monroe
24.1% of adults 25 and older in Monroe have a bachelor's degree or higher (North Carolina: 35.7%), and 7.9% have a graduate or professional degree.
Jobs and commute in Monroe
- Unemployment rate
- 4.6%State: 4.7%
- Average commute
- 30 minState: 25 min
- Work from home
- 7.5%
- Drive alone
- 75.1%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 92.6%
Monroe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monroe | 36,759 | $72,540 | $309,100 | $1,246 |
| Unionville | 6,954 | $96,028 | $336,200 | $978 |
| Wingate | 4,425 | $63,068 | $229,800 | $1,123 |
| Indian Trail | 42,036 | $108,483 | $385,000 | $2,077 |
| Lake Park | 3,431 | $66,411 | $334,500 | $2,040 |
| Wesley Chapel | 9,090 | $132,188 | $535,500 | $3,191 |
| Hemby Bridge | 2,096 | $71,688 | $298,400 | $1,544 |
| Mineral Springs | 3,314 | $91,500 | $389,900 | $1,340 |
| Stallings | 16,886 | $115,974 | $428,000 | $1,882 |
More for people moving to Monroe
Monroe ZIP code ›Weather and climate ›Living in Monroe: FAQ
What is the median household income in Monroe, NC?
The median household income in Monroe is $72,540, about the same as the North Carolina median of $72,388 (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 $309,100, compared with $288,900 in North Carolina.
How much is rent in Monroe?
The median gross rent in Monroe is $1,246 per month, about 29.6% of household income.
Is Monroe, NC a good place to live?
Pluses: median household income about the same as the North Carolina median; unemployment of 4.6%. Minuses: home values 7% higher than the state median; an average commute of 30 minutes; a poverty rate of 13.3%.
What is the median age in Monroe?
The median age in Monroe is 35.5 years (North Carolina: 39.1).
How long is the commute in Monroe?
The average commute to work in Monroe is 30 minutes; 7.5% of workers work from home.
What is the unemployment rate in Monroe?
The unemployment rate in Monroe is 4.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monroe?
24.1% 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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