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Monroe Center village, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.6x is exceptionally low

As of 2026, Monroe Center village, Illinois has a total population of 415, the 993rd largest city in Illinois, with a median household income of $91,563, which is 12% higher than the state average. The poverty rate is 2.9%.

Key Takeaways

Monroe Center village Quick Facts

Population 415
Median Household Income $91,563
Median Home Value $148,000
Poverty Rate 2.9%
Unemployment Rate 4.0%
Median Age 40.9 years
Homeownership Rate 82.8%
Affordability Ratio 1.6x
Bachelor's Degree or Higher 25.3%
High School Graduation Rate 97.3%
Diversity Index 7/100
Population 415 993rd of 1,445
Median Income $91,563 top 30%
Poverty Rate 2.9% 77% lower national
Median Home Value $148,000 above average

How Monroe Center village Compares

Economy & Housing

Employment

4.0% Unemployment Rate State: 5.8% | National: 5.2%
74.3% Labor Force Participation

Housing Overview

Owner 82.8%
Renter 17.2%
Affordability Index Very Affordable
1.6x home value to income ratio

People & Demographics

Diversity Index

7out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 60 | National average: 60

Education

Monroe Center village Rankings in Illinois

#993 Population of 1,445
#301 Median Income of 1,445
#419 Education of 1,445
#519 Home Value of 1,445

Cities Similar to Monroe Center village

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Liberty village423$85,417$124,00019.4%4.3%
Bellflower village410$79,583$117,60016.9%5.4%
Elkhart village442$98,750$123,20026.6%3.6%
Neponset village411$74,375$73,80017.6%11.9%
Arrowsmith village381$85,592$101,20026.1%40.3%

Population Overview

Monroe Center village is a small community located in Illinois. The total population is 415. It ranks as the 993rd most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Monroe Center village is 40.9 years. This is 5% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Monroe Center village is $91,563. This is 12% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 17% higher. The poverty rate stands at 2.9%. This is 75% lower than the state poverty rate of 11.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 4.0%. This is 32% lower than the state rate of 5.8%. The median home value is $148,000. Housing costs are 41% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.6x, Monroe Center village is one of the most affordable housing markets in the area. 82.8% of occupied housing units are owner-occupied. This homeownership rate is 24% higher than the state average of 66.8%.

Race & Ethnicity

Monroe Center village has a predominantly White (non-Hispanic) population, comprising 96.1% of all residents. Hispanic or Latino residents account for 3.9%. The White (non-Hispanic) population is significantly higher than the state average (96.1% vs 58.8%). The Hispanic or Latino population (3.9%) is well below the state average of 18.5%.

Education

25.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 32% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.3%.

Data Sources & Methodology

All demographic data for Monroe Center village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Monroe Center village, Illinois?

Monroe Center village, Illinois has a population of 415 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Monroe Center village, IL?

The median household income in Monroe Center village is $91,563, which is 17% higher the national median of $78,538.

What is the poverty rate in Monroe Center village, IL?

The poverty rate in Monroe Center village is 2.9%. This means approximately 12 residents live below the federal poverty line.

What is the racial makeup of Monroe Center village, Illinois?

Monroe Center village's population is 96.1% White, 0.0% Black, 3.9% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Monroe Center village, IL?

The median home value in Monroe Center village is $148,000. The home-value-to-income ratio is 1.6x.

How educated is Monroe Center village, Illinois?

25.3% of adults (25+) in Monroe Center village hold a bachelor's degree or higher, and 9.9% hold a graduate or professional degree.