Monroe, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Monroe, Indiana had a total population of 707, the 433rd largest town in Indiana, with a median household income of $74,063, which is 3% higher than the state average. The poverty rate is 10.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.2x.
- Near full employment with an unemployment rate of just 1.3%.
Monroe Quick Facts
How Monroe Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 629 | 707 | +12.4% |
| Median household income | $70,000 | $74,063 | +5.8% |
| Median home value | $145,300 | $164,400 | +13.1% |
How Monroe Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Monroe Rankings in Indiana
Explore Indiana Rankings
Other Cities in Adams County
Cities Similar to Monroe
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Mount Summit | 713 | N/A | $214,100 | 17.2% | 4.9% |
| Cynthiana | 716 | $74,688 | $141,500 | 12.9% | 9.2% |
| San Pierre | 727 | N/A | $193,600 | 9.3% | 1.8% |
| St. Leon | 737 | $76,250 | $280,800 | 21.1% | 15.2% |
| Medaryville | 729 | $80,375 | $78,500 | 2.9% | 9.5% |
A note before these figures: with a population of 707, Monroe's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Monroe is a small community located in Indiana, within Adams County. The total population is 707. It ranks as the 433rd most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Monroe is 30.6 years. This is 20% lower than the state median of 38.1 years. With 33.1% of the population under 18, Monroe has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Monroe is $74,063. This is 3% higher than the state median of $71,957. It is also 8% lower than the national median of $80,734. The poverty rate stands at 10.1%. This is 18% lower than the state poverty rate of 12.3%. The unemployment rate is 1.3%. This is 69% lower than the state rate of 4.3%. The median home value is $164,400. Housing costs are 25% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.2x, Monroe is one of the most affordable housing markets in the area. 78.1% of occupied housing units are owner-occupied. This homeownership rate is 11% higher than the state average of 70.5%.
Race & Ethnicity
Monroe has a predominantly White (non-Hispanic) population, comprising 87.4% of all residents. Hispanic or Latino residents account for 10.2%.
Education
21.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 26% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.6%.
Data Sources & Methodology
All demographic data for Monroe, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all Indiana city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Monroe, Indiana?
Monroe, Indiana has a population of 707 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Monroe, IN?
The median household income in Monroe is $74,063, which is 8% lower than the national median of $80,734.
What is the poverty rate in Monroe, IN?
The poverty rate in Monroe is 10.1%. This means approximately 71 residents live below the federal poverty line.
What is the racial makeup of Monroe, Indiana?
Monroe's population is 87.4% White, 0.0% Black, 10.2% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Monroe, IN?
The median home value in Monroe is $164,400. The home-value-to-income ratio is 2.2x.
How educated is Monroe, Indiana?
21.8% of adults (25+) in Monroe hold a bachelor's degree or higher, and 6.4% hold a graduate or professional degree.