Monroe Center, IL
Population 415 · Illinois
About Monroe Center, IL
Monroe Center is a small community located in Illinois with a population of 415 residents according to the latest US Census Bureau American Community Survey data. The median household income is $91,563 per year, which is 22% above the national median of $75,149. The median age of 40.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Monroe Center features a median home value of $148,000, which is 40% below the national median of $244,900. This positions Monroe Center in a moderately priced market relative to the rest of the country. Median monthly rent is $878, 25% below the national average of $1,163/month. Of the 169 total housing units, 83% are owner-occupied (140 units) and 17% are renter-occupied (29 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Monroe Center shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 2.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Monroe Center have an average one-way commute time of 30.6 minutes.
Education & Demographics
25.3% of Monroe Center residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.4% White, 0.0% Hispanic or Latino, 0.5% Black or African American, and 1.0% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in Monroe Center, IL
Compared to national averages, Monroe Center has a median household income of $91,563 (22% above the national median of $75,149). Home values average $148,000, which is 40% below the national median. Monthly rent at $878 is 25% below the US average of $1,163. Within Illinois, Monroe Center's income is 22% above the state average of $75,072, and home values are 11% below the state median of $165,779.
Why Live in Monroe Center, IL?
Monroe Center offers a strong local economy with a median household income of $91,563, well above the national average, and affordable housing with a median home value of $148,000, below the US average of $244,900, and rent that’s lower than the national average at $878/month. Additionally, the city features a low poverty rate of 2.9%, better than the national average.
Monroe Center has a population of 415 with a median age of 40.9 years. Compare Monroe Center with other cities to see how it stacks up, or explore all cities in Illinois.
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Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Monroe Center
What is the population of Monroe Center, IL?
The population of Monroe Center, IL is 415 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Monroe Center?
The median household income in Monroe Center, IL is $91,563 per year, which is 22% above the national median of $75,149.
What is the median home value in Monroe Center?
The median home value in Monroe Center, IL is $148,000, which is 40% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Monroe Center?
The median monthly rent in Monroe Center, IL is $878, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Monroe Center?
The unemployment rate in Monroe Center, IL is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Monroe Center, IL a good place to live?
Monroe Center offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 415 and a median age of 40.9, the city appeals to a broad range of residents.
How educated is Monroe Center, IL?
25.3% of residents in Monroe Center aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Monroe Center?
Key cost-of-living indicators for Monroe Center, IL: median home value is $148,000 (40% below national), median rent is $878/month, and median household income is $91,563. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Monroe Center?
The poverty rate in Monroe Center, IL is 2.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Monroe Center, IL?
Monroe Center's population is 2.4% White, 0.0% Hispanic or Latino, 0.5% Black or African American, 1.0% Asian, and 0.0% two or more races. 1.0% of residents are foreign-born.