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Monrovia town, Indiana Demographics & Population 2026

Very AffordableHome value to income ratio of 2.4x is exceptionally low

As of 2026, Monrovia town, Indiana has a total population of 2,090, the 224th largest city in Indiana, with a median household income of $91,375, which is 30% higher than the state average. The poverty rate is 6.6%.

Key Takeaways

Monrovia town Quick Facts

Population 2,090
Median Household Income $91,375
Median Home Value $216,500
Poverty Rate 6.6%
Unemployment Rate 1.4%
Median Age 29.6 years
Homeownership Rate 92.6%
Affordability Ratio 2.4x
Bachelor's Degree or Higher 21.3%
High School Graduation Rate 92.0%
Diversity Index 31/100
Population 2,090 224th of 967
Median Income $91,375 top 20%
Poverty Rate 6.6% 47% lower national
Median Home Value $216,500 top 20%

How Monrovia town Compares

Economy & Housing

Employment

1.4% Unemployment Rate State: 4.3% | National: 5.2%
75.8% Labor Force Participation

Housing Overview

Owner 92.6%
Renter 7.4%
Affordability Index Very Affordable
2.4x home value to income ratio

People & Demographics

Diversity Index

31out of 100
Low Diversity

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

State average: 40 | National average: 60

Education

Monrovia town Rankings in Indiana

#224 Population of 967
#126 Median Income of 967
#283 Education of 967
#142 Home Value of 967

Cities Similar to Monrovia town

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Edgewood town2,101$85,842$173,80035.4%4.6%
Burns Harbor town2,198$98,333$236,70032.0%9.5%
Shadeland town2,257$88,125$261,30029.4%13.9%
Salt Creek Commons CDP1,973$84,648$181,10020.3%11.0%
Battle Ground town1,989$104,583$268,30052.6%4.1%

Population Overview

Monrovia town is a small community located in Indiana. The total population is 2,090. It ranks as the 224th most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Monrovia town is 29.6 years. This is 22% lower than the state median of 38.0 years. With 31.0% of the population under 18, Monrovia town has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Monrovia town is $91,375. This is 30% higher than the state median of $70,051. Compared to the national median of $78,538, household income here is 16% higher. The poverty rate stands at 6.6%. This is 46% lower than the state poverty rate of 12.2%. The unemployment rate is 1.4%. This is 67% lower than the state rate of 4.3%. The median home value is $216,500. Housing costs are 7% higher than the state median of $201,600. With a home-value-to-income ratio of just 2.4x, Monrovia town is one of the most affordable housing markets in the area. 92.6% of occupied housing units are owner-occupied. This homeownership rate is 32% higher than the state average of 70.3%.

Race & Ethnicity

The largest racial or ethnic group in Monrovia town is White (non-Hispanic), making up 82.0% of the population. Hispanic or Latino residents account for 3.8%. The Black or African American population (3.7%) is well below the state average of 9.1%. The Hispanic or Latino population (3.8%) is well below the state average of 8.4%.

Education

21.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 26% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.0%.

Data Sources & Methodology

All demographic data for Monrovia town, Indiana 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 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. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Monrovia town, Indiana?

Monrovia town, Indiana has a population of 2,090 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Monrovia town, IN?

The median household income in Monrovia town is $91,375, which is 16% higher the national median of $78,538.

What is the poverty rate in Monrovia town, IN?

The poverty rate in Monrovia town is 6.6%. This means approximately 138 residents live below the federal poverty line.

What is the racial makeup of Monrovia town, Indiana?

Monrovia town's population is 82.0% White, 3.7% Black, 3.8% Hispanic/Latino, and 2.4% Asian.

What is the median home value in Monrovia town, IN?

The median home value in Monrovia town is $216,500. The home-value-to-income ratio is 2.4x.

How educated is Monrovia town, Indiana?

21.3% of adults (25+) in Monrovia town hold a bachelor's degree or higher, and 5.5% hold a graduate or professional degree.