Living in Munroe Falls, Ohio
Cost of living, income, home prices, rent and demographics of Munroe Falls · Census data 2020–2024
Munroe Falls has 5,000 residents with a median age of 48.1. The median household income is $81,214 (14% higher than the Ohio median), the median home value is $250,800.
Munroe Falls at a glance
- Population
- 5,000
- Median age
- 48.1State: 39.7
- Median household income
- $81,214State: $71,389
- Median home value
- $250,800State: $214,800
- Homeowners
- 79.2%
- Bachelor's degree or higher
- 38.7%
- Average commute
- 23 min
Is Munroe Falls a good place to live?
Pros: Median household income 14% higher than the Ohio median; an average commute of 23 minutes; unemployment of 3.7%; a poverty rate of 7.3%.
Cons: Home values 17% higher than the state median.
The weather is best in June to September.
Cost of living in Munroe Falls
Housing is the biggest part of the cost of living. In Munroe Falls the median home value is $250,800, 25% lower than the U.S. median. Renters pay a median of — per month, which is 43.2% of household income. Homeowners with a mortgage pay $1,455 a month in housing costs.
Munroe Falls median household income
The median household income in Munroe Falls is $81,214 and the income per person is $40,579. 7.3% of residents live below the poverty line (Ohio: 13.3%).
Housing in Munroe Falls: homes for sale and rent
- Housing units
- 2,210
- Owner-occupied
- 79.2%
- Renter-occupied
- 20.8%
- Vacant
- 5.8%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.37
Munroe Falls demographics
- Population
- 5,000
- Median age
- 48.1
- Under 18
- 20.4%
- 65 and older
- 31.7%
- Households
- 2,082
- Foreign-born
- 7.3%
- Veterans
- 8.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Munroe Falls ›
Education in Munroe Falls
38.7% of adults 25 and older in Munroe Falls have a bachelor's degree or higher (Ohio: 31.5%), and 17.1% have a graduate or professional degree.
Jobs and commute in Munroe Falls
- Unemployment rate
- 3.7%State: 4.8%
- Average commute
- 23 minState: 23 min
- Work from home
- 13.7%
- Drive alone
- 71.5%
- Public transit
- 3.5%
- Walk to work
- 0.8%
- Homes with broadband
- 91.1%
Munroe Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Munroe Falls | 5,000 | $81,214 | $250,800 | — |
| Silver Lake | 2,515 | $139,934 | $319,400 | — |
| Tallmadge | 18,335 | $89,410 | $232,500 | $1,067 |
| Stow | 34,240 | $93,727 | $248,000 | $1,212 |
| Kent | 27,116 | $42,964 | $219,900 | $991 |
| Brimfield | 2,979 | $90,377 | $200,100 | $1,438 |
| Akron | 189,247 | $48,076 | $122,000 | $955 |
| Mogadore | 3,806 | $82,557 | $181,900 | $992 |
| Sugar Bush Knolls | 328 | $171,359 | $436,500 | — |
More for people moving to Munroe Falls
Munroe Falls ZIP code ›Weather and climate ›Living in Munroe Falls: FAQ
What is the median household income in Munroe Falls, OH?
The median household income in Munroe Falls is $81,214, 14% higher than the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Munroe Falls?
The median home value in Munroe Falls is $250,800, compared with $214,800 in Ohio.
Is Munroe Falls, OH a good place to live?
Pluses: median household income 14% higher than the Ohio median; an average commute of 23 minutes; unemployment of 3.7%; a poverty rate of 7.3%. Minuses: home values 17% higher than the state median.
What is the median age in Munroe Falls?
The median age in Munroe Falls is 48.1 years (Ohio: 39.7).
How long is the commute in Munroe Falls?
The average commute to work in Munroe Falls is 23 minutes; 13.7% of workers work from home.
What is the unemployment rate in Munroe Falls?
The unemployment rate in Munroe Falls is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Munroe Falls?
38.7% of adults in Munroe Falls 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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