Living in Monona, Wisconsin
Cost of living, income, home prices, rent and demographics of Monona · Census data 2020–2024
Monona has 8,527 residents with a median age of 43.7. The median household income is $87,773 (13% higher than the Wisconsin median), the median home value is $427,900, the median rent is $1,275/month.
Monona at a glance
- Population
- 8,527
- Median age
- 43.7State: 40.2
- Median household income
- $87,773State: $77,485
- Median home value
- $427,900State: $266,500
- Median rent
- $1,275/moState: $1,087
- Homeowners
- 53.6%
- Bachelor's degree or higher
- 58.3%
- Average commute
- 20 min
Is Monona a good place to live?
Pros: Median household income 13% higher than the Wisconsin median; an average commute of 20 minutes; unemployment of 2.5%; a poverty rate of 9.5%.
Cons: Home values 61% higher than the state median.
The weather is best in June to September.
Cost of living in Monona
Housing is the biggest part of the cost of living. In Monona the median home value is $427,900, 29% higher than the U.S. median. Renters pay a median of $1,275 per month, which is 29.4% of household income. Homeowners with a mortgage pay $2,199 a month in housing costs.
Monona median household income
The median household income in Monona is $87,773 and the income per person is $58,658. 9.5% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in Monona: homes for sale and rent
- Housing units
- 4,341
- Owner-occupied
- 53.6%
- Renter-occupied
- 46.4%
- Vacant
- 4.2%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.02
Monona demographics
- Population
- 8,527
- Median age
- 43.7
- Under 18
- 19.1%
- 65 and older
- 21.9%
- Households
- 4,159
- Foreign-born
- 4.9%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Monona ›
Education in Monona
58.3% of adults 25 and older in Monona have a bachelor's degree or higher (Wisconsin: 33.4%), and 23.2% have a graduate or professional degree.
Jobs and commute in Monona
- Unemployment rate
- 2.5%State: 3.2%
- Average commute
- 20 minState: 22 min
- Work from home
- 24.1%
- Drive alone
- 64.9%
- Public transit
- 1.1%
- Walk to work
- 0.8%
- Homes with broadband
- 91.7%
Monona vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monona | 8,527 | $87,773 | $427,900 | $1,275 |
| McFarland | 9,160 | $97,500 | $390,100 | $1,458 |
| Maple Bluff | 1,329 | $198,750 | $882,700 | $1,438 |
| Madison | 278,001 | $78,050 | $372,900 | $1,413 |
| Shorewood Hills | 2,149 | $153,542 | $939,900 | $1,919 |
| Fitchburg | 32,619 | $86,516 | $417,200 | $1,373 |
| Cottage Grove | 8,513 | $139,313 | $449,700 | $1,531 |
| Oregon | 11,547 | $102,978 | $417,200 | $1,221 |
| Middleton | 22,301 | $89,524 | $484,200 | $1,437 |
More for people moving to Monona
Monona ZIP code ›Weather and climate ›Living in Monona: FAQ
What is the median household income in Monona, WI?
The median household income in Monona is $87,773, 13% higher than the Wisconsin median of $77,485 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Monona?
The median home value in Monona is $427,900, compared with $266,500 in Wisconsin.
How much is rent in Monona?
The median gross rent in Monona is $1,275 per month, about 29.4% of household income.
Is Monona, WI a good place to live?
Pluses: median household income 13% higher than the Wisconsin median; an average commute of 20 minutes; unemployment of 2.5%; a poverty rate of 9.5%. Minuses: home values 61% higher than the state median.
What is the median age in Monona?
The median age in Monona is 43.7 years (Wisconsin: 40.2).
How long is the commute in Monona?
The average commute to work in Monona is 20 minutes; 24.1% of workers work from home.
What is the unemployment rate in Monona?
The unemployment rate in Monona is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monona?
58.3% of adults in Monona 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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