Monrovia, IN
Population 2,090 · Indiana
About Monrovia, IN
Monrovia is a small town located in Indiana with a population of 2,090 residents according to the latest US Census Bureau American Community Survey data. The median household income is $91,375 per year, which is 22% above the national median of $75,149. The median age of 29.6 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 Monrovia features a median home value of $216,500, which is 12% below the national median of $244,900. This positions Monrovia in a moderately priced market relative to the rest of the country. Median monthly rent is $988, 15% below the national average of $1,163/month. Of the 723 total housing units, 93% are owner-occupied (649 units) and 7% are renter-occupied (52 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Monrovia shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Monrovia have an average one-way commute time of 36.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
21.3% of Monrovia 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 1.3% White, 0.7% Hispanic or Latino, 0.8% Black or African American, and 1.7% Asian residents, with 2.7% of the population being foreign-born.
Cost of Living in Monrovia, IN
Compared to national averages, Monrovia has a median household income of $91,375 (22% above the national median of $75,149). Home values average $216,500, which is 12% below the national median. Monthly rent at $988 is 15% below the US average of $1,163. Within Indiana, Monrovia's income is 32% above the state average of $69,330, and home values are 32% above the state median of $163,409.
Why Live in Monrovia, IN?
Monrovia offers a strong local economy with a median household income of $91,375, well above the national average, and affordable housing with a median home value of $216,500, below the US average of $244,900, and rent that’s lower than the national average at $988/month. Additionally, the city features a strong job market with an unemployment rate of just 1.4%, and a low poverty rate of 6.6%, better than the national average.
Monrovia has a population of 2,090 with a median age of 29.6 years. Compare Monrovia with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Monrovia
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rockport | 2,088 | $43,333 | $105,000 | Compare |
| Vevay | 2,087 | $47,014 | $122,100 | Compare |
| North Judson | 2,094 | $59,630 | $128,700 | Compare |
| Flora | 2,100 | $61,458 | $136,700 | Compare |
| Edgewood | 2,101 | $85,842 | $173,800 | Compare |
| West Terre Haute | 2,073 | $49,770 | $72,300 | Compare |
| New Carlisle | 2,110 | $65,625 | $180,100 | Compare |
| Veedersburg | 2,066 | $59,125 | $100,600 | 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 Monrovia With Other Cities
Frequently Asked Questions about Monrovia
What is the population of Monrovia, IN?
The population of Monrovia, IN is 2,090 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Monrovia?
The median household income in Monrovia, IN is $91,375 per year, which is 22% above the national median of $75,149.
What is the median home value in Monrovia?
The median home value in Monrovia, IN is $216,500, which is 12% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Monrovia?
The median monthly rent in Monrovia, IN is $988, which is 15% below the national average of $1,163/month.
What is the unemployment rate in Monrovia?
The unemployment rate in Monrovia, IN is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Monrovia, IN a good place to live?
Monrovia offers above-average incomes, affordable housing, and a strong job market. With a population of 2,090 and a median age of 29.6, the city appeals to young professionals and families.
How educated is Monrovia, IN?
21.3% of residents in Monrovia 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 Monrovia?
Key cost-of-living indicators for Monrovia, IN: median home value is $216,500 (12% below national), median rent is $988/month, and median household income is $91,375. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Monrovia?
The poverty rate in Monrovia, IN is 6.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Monrovia, IN?
Monrovia's population is 1.3% White, 0.7% Hispanic or Latino, 0.8% Black or African American, 1.7% Asian, and 3.7% two or more races. 2.7% of residents are foreign-born.