Monroe, IA
Population 2,074 · Iowa
About Monroe, IA
Monroe is a small community in Iowa with a population of 2,074 residents. The median household income is $81,488 per year, which is above the national average. The median age in Monroe is 35.5 years.
Housing in Monroe has a median home value of $173,500 and median monthly rent of $780. Of the 882 total housing units, the majority are owner-occupied, with 662 owner-occupied and 212 renter-occupied units.
The unemployment rate in Monroe is 1.9% and the poverty rate is 4.3%. 19.4% of residents hold a bachelor's degree or higher. The average commute time is 28.2 minutes.
Cost of Living in Monroe, IA
Compared to national averages, Monroe has a median household income of $81,488 (8% above the national median of $75,149). Home values average $173,500, which is 29% below the national median. Monthly rent at $780 is 33% below the US average of $1,163. Within Iowa, Monroe's income is 20% above the state average of $67,947, and home values are 31% above the state median of $132,237.
Why Live in Monroe, IA?
Monroe offers a strong local economy with a median household income of $81,488, well above the national average, and affordable housing with a median home value of $173,500, below the US average of $244,900, and rent that’s lower than the national average at $780/month. Additionally, the city features a strong job market with an unemployment rate of just 1.9%, and a low poverty rate of 4.3%, better than the national average.
Monroe has a population of 2,074 with a median age of 35.5 years. Compare Monroe with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Monroe
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Audubon | 2,069 | $41,389 | $92,800 | Compare |
| Toledo | 2,079 | $56,719 | $124,000 | Compare |
| Colfax | 2,089 | $82,878 | $160,500 | Compare |
| Dallas Center | 2,058 | $88,750 | $231,100 | Compare |
| Lake Mills | 2,054 | $70,333 | $127,100 | Compare |
| Ely | 2,033 | $102,262 | $275,800 | Compare |
| Lamoni | 2,121 | $52,300 | $107,900 | Compare |
| Columbus Junction | 2,129 | $76,518 | $114,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Monroe
What is the population of Monroe, IA?
The population of Monroe, IA is 2,074 according to the latest Census data.
What is the median household income in Monroe?
The median household income in Monroe, IA is $81,488 per year.
What is the median home value in Monroe?
The median home value in Monroe, IA is $173,500.
What is the average rent in Monroe?
The median monthly rent in Monroe, IA is $780.
What is the unemployment rate in Monroe?
The unemployment rate in Monroe, IA is 1.9%.