Monroe City, IN
Population 816 · Indiana
About Monroe City, IN
Monroe City is a small community located in Indiana with a population of 816 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,250 per year, which is 7% below the national median of $75,149. The median age of 33.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Monroe City features a median home value of $97,500, which is 60% below the national median of $244,900. This makes Monroe City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,017, 13% below the national average of $1,163/month. Of the 319 total housing units, 64% are owner-occupied (194 units) and 36% are renter-occupied (110 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Monroe City shows an unemployment rate of 0.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 27.5%, above the national average of 12.4%. Workers in Monroe City have an average one-way commute time of 23.5 minutes.
Education & Demographics
10.3% of Monroe City residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Monroe City Ranks in Indiana
Cost of Living in Monroe City, IN
Compared to national averages, Monroe City has a median household income of $70,250 (7% below the national median of $75,149). Home values average $97,500, which is 60% below the national median. Monthly rent at $1,017 is 13% below the US average of $1,163. Within Indiana, Monroe City's income is 1% above the state average of $69,330, and home values are 40% below the state median of $163,409.
Why Live in Monroe City, IN?
Monroe City offers affordable housing with a median home value of $97,500, below the US average of $244,900, and rent that’s lower than the national average at $1,017/month, and a strong job market with an unemployment rate of just 0.5%. Additionally, the city features short commute times averaging just 23.5 minutes.
Potential considerations include median household income ($70,250) that falls below the national average. However, Monroe City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Monroe City has a population of 816 with a median age of 33.6 years. Compare Monroe City with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Monroe City
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Buffalo | 814 | $125,809 | $131,000 | Compare |
| Milltown | 811 | $58,419 | $125,600 | Compare |
| Marengo | 823 | $43,458 | $87,500 | Compare |
| Darlington | 829 | $53,417 | $119,700 | Compare |
| Pleasant Lake | 803 | $66,563 | $155,300 | Compare |
| Homecroft | 801 | $83,333 | $214,800 | Compare |
| Leesburg | 801 | $103,958 | $168,900 | Compare |
| Selma | 833 | $62,500 | $99,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Monroe City With Other Cities
Frequently Asked Questions about Monroe City
What is the population of Monroe City, IN?
The population of Monroe City, IN is 816 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Monroe City?
The median household income in Monroe City, IN is $70,250 per year, which is 7% below the national median of $75,149.
What is the median home value in Monroe City?
The median home value in Monroe City, IN is $97,500, which is 60% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Monroe City?
The median monthly rent in Monroe City, IN is $1,017, which is 13% below the national average of $1,163/month.
What is the unemployment rate in Monroe City?
The unemployment rate in Monroe City, IN is 0.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Monroe City, IN a good place to live?
Monroe City offers a moderate cost of living, affordable housing, and a strong job market. With a population of 816 and a median age of 33.6, the city appeals to young professionals and families.
How educated is Monroe City, IN?
10.3% of residents in Monroe City 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 City?
Key cost-of-living indicators for Monroe City, IN: median home value is $97,500 (60% below national), median rent is $1,017/month, and median household income is $70,250. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Monroe City?
The poverty rate in Monroe City, IN is 27.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Monroe City, IN?
Monroe City's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.