Living in Monroe, South Dakota
Cost of living, income, home prices, rent and demographics of Monroe · Census data 2020–2024
Monroe has 233 residents with a median age of 33.8. The median household income is $51,250 (32% lower than the South Dakota median), the median home value is $48,900, the median rent is $750/month.
Monroe is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Monroe at a glance
- Population
- 233
- Median age
- 33.8State: 38
- Median household income
- $51,250State: $75,081
- Median home value
- $48,900State: $257,400
- Median rent
- $750/moState: $946
- Homeowners
- 77.6%
- Bachelor's degree or higher
- 6.7%
- Average commute
- 31 min
Is Monroe a good place to live?
Pros: Home values 81% lower than the state median.
Cons: Median household income 32% lower than the South Dakota median; an average commute of 31 minutes; unemployment of 5.4%; a poverty rate of 24.7%.
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 $48,900, 85% lower than the U.S. median. Renters pay a median of $750 per month, which is 25% of household income. Homeowners with a mortgage pay $690 a month in housing costs.
Monroe median household income
The median household income in Monroe is $51,250 and the income per person is $29,733. 24.7% of residents live below the poverty line (South Dakota: 11.9%).
Housing in Monroe: homes for sale and rent
- Housing units
- 151
- Owner-occupied
- 77.6%
- Renter-occupied
- 22.4%
- Vacant
- 11.3%Includes seasonal homes
- Median year built
- 1948
- Average household size
- 1.74
Monroe demographics
- Population
- 233
- Median age
- 33.8
- Under 18
- 12.9%
- 65 and older
- 14.2%
- Households
- 134
- Foreign-born
- 3.4%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Monroe ›
Education in Monroe
6.7% of adults 25 and older in Monroe have a bachelor's degree or higher (South Dakota: 31.9%), and 5.5% have a graduate or professional degree.
Jobs and commute in Monroe
- Unemployment rate
- 5.4%State: 2.9%
- Average commute
- 31 minState: 18 min
- Work from home
- 16.7%
- Drive alone
- 62.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 85.1%
Monroe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monroe | 233 | $51,250 | $48,900 | $750 |
| Marion | 981 | $67,750 | $164,500 | $813 |
| Parker | 1,280 | $89,676 | $231,100 | $971 |
| Canistota | 711 | $76,250 | $137,000 | $975 |
| Humboldt | 732 | $95,469 | $227,700 | $745 |
| Chancellor | 421 | $66,563 | $139,800 | $742 |
| Freeman | 1,565 | $57,440 | $164,200 | $741 |
| Bridgewater | 451 | $47,083 | $116,100 | $729 |
| Montrose | 483 | $78,125 | $239,700 | $663 |
More for people moving to Monroe
Monroe ZIP code ›Weather and climate ›Living in Monroe: FAQ
What is the median household income in Monroe, SD?
The median household income in Monroe is $51,250, 32% lower than the South Dakota median of $75,081 (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 $48,900, compared with $257,400 in South Dakota.
How much is rent in Monroe?
The median gross rent in Monroe is $750 per month, about 25% of household income.
Is Monroe, SD a good place to live?
Pluses: home values 81% lower than the state median. Minuses: median household income 32% lower than the South Dakota median; an average commute of 31 minutes; unemployment of 5.4%; a poverty rate of 24.7%.
What is the median age in Monroe?
The median age in Monroe is 33.8 years (South Dakota: 38).
How long is the commute in Monroe?
The average commute to work in Monroe is 31 minutes; 16.7% of workers work from home.
What is the unemployment rate in Monroe?
The unemployment rate in Monroe is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monroe?
6.7% 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.
Last updated: