Monrovia, MD
Population 2,924 · Maryland
About Monrovia, MD
Monrovia is a small town located in Maryland with a population of 2,924 residents according to the latest US Census Bureau American Community Survey data. The median household income is $234,712 per year, which is 212% above the national median of $75,149. The median age of 39.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Monrovia features a median home value of $761,600, which is 211% above the national median of $244,900. This places Monrovia in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 915 total housing units, 99% are owner-occupied (862 units) and 1% are renter-occupied (10 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Monrovia shows an unemployment rate of 0.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Monrovia have an average one-way commute time of 39.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
71.5% of Monrovia residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.4% White, 0.0% Hispanic or Latino, 0.9% Black or African American, and 2.7% Asian residents, with 28.0% of the population being foreign-born.
How Monrovia Ranks in Maryland
Cost of Living in Monrovia, MD
Compared to national averages, Monrovia has a median household income of $234,712 (212% above the national median of $75,149). Home values average $761,600, which is 211% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Maryland, Monrovia's income is 117% above the state average of $107,956, and home values are 89% above the state median of $402,447.
Why Live in Monrovia, MD?
Monrovia offers a strong local economy with a median household income of $234,712, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.8%. Additionally, the city features a well-educated community where 71.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $761,600. However, Monrovia’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Monrovia has a population of 2,924 with a median age of 39.4 years. Compare Monrovia with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Monrovia
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Jefferson | 2,891 | $145,664 | $479,400 | Compare |
| Gambrills | 2,862 | $151,667 | $584,400 | Compare |
| Emmitsburg | 2,855 | $78,986 | $300,900 | Compare |
| Federalsburg | 2,818 | $35,432 | $125,200 | Compare |
| Maugansville | 3,057 | $75,840 | $284,200 | Compare |
| Smithsburg | 3,069 | $86,065 | $317,600 | Compare |
| Andrews AFB | 3,075 | $91,905 | $0 | Compare |
| North Beach | 2,769 | $81,500 | $368,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
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, MD?
The population of Monrovia, MD is 2,924 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maryland.
What is the median household income in Monrovia?
The median household income in Monrovia, MD is $234,712 per year, which is 212% above the national median of $75,149.
What is the median home value in Monrovia?
The median home value in Monrovia, MD is $761,600, which is 211% above 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, MD is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Monrovia?
The unemployment rate in Monrovia, MD is 0.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Monrovia, MD a good place to live?
Monrovia offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,924 and a median age of 39.4, the city appeals to a broad range of residents.
How educated is Monrovia, MD?
71.5% of residents in Monrovia aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Monrovia?
Key cost-of-living indicators for Monrovia, MD: median home value is $761,600 (211% above national), median rent is $0/month, and median household income is $234,712. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Monrovia?
The poverty rate in Monrovia, MD is 0.0%, 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, MD?
Monrovia's population is 2.4% White, 0.0% Hispanic or Latino, 0.9% Black or African American, 2.7% Asian, and 11.9% two or more races. 28.0% of residents are foreign-born.