Monrovia, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Monrovia, Indiana had a total population of 2,055, the 225th largest town in Indiana, with a median household income of $92,344, which is 28% higher than the state average. The poverty rate is 6.4%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Near full employment with an unemployment rate of just 2.4%.
Monrovia Quick Facts
How Monrovia 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 | 2,090 | 2,055 | -1.7% |
| Median household income | $91,375 | $92,344 | +1.1% |
| Median home value | $216,500 | $233,200 | +7.7% |
How Monrovia 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+)
Monrovia Rankings in Indiana
Explore Indiana Rankings
Other Cities in Morgan County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Martinsville | 11,933 | $60,177 | 12.9% | $163,400 |
| Mooresville | 9,751 | $68,983 | 13.1% | $206,400 |
| Brooklyn | 2,570 | $58,176 | 18.1% | $119,000 |
| Morgantown | 1,308 | $54,007 | 15.0% | $133,600 |
| Painted Hills | 948 | $93,838 | 4.2% | $305,200 |
| Paragon | 537 | $73,750 | 24.7% | $104,100 |
| Bethany | 67 | N/A | 3.0% | $210,700 |
Cities Similar to Monrovia
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Edgewood | 2,121 | $87,770 | $200,100 | 38.0% | 2.9% |
| Burns Harbor | 2,155 | $98,500 | $241,500 | 34.6% | 11.5% |
| Hope | 2,029 | $76,188 | $148,600 | 9.5% | 8.9% |
| Salt Creek Commons | 1,843 | $94,167 | $198,300 | 21.6% | 8.4% |
| Shadeland | 1,921 | $82,708 | $270,000 | 29.9% | 15.0% |
Population Overview
Monrovia is a small community located in Indiana, within Morgan County. The total population is 2,055. It ranks as the 225th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Monrovia is 29.4 years. This is 23% lower than the state median of 38.1 years. With 33.1% of the population under 18, Monrovia has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Monrovia is $92,344. This is 28% higher than the state median of $71,957. It is also 14% higher than the national median of $80,734. The poverty rate stands at 6.4%. This is 48% lower than the state poverty rate of 12.3%. The unemployment rate is 2.4%. This is 45% lower than the state rate of 4.3%. The median home value is $233,200. Housing costs are 7% higher than the state median of $218,200. With a home-value-to-income ratio of just 2.5x, Monrovia is one of the most affordable housing markets in the area. 88.9% of occupied housing units are owner-occupied. This homeownership rate is 26% higher than the state average of 70.5%.
Race & Ethnicity
The largest racial or ethnic group in Monrovia is White (non-Hispanic), making up 80.8% of the population. Hispanic or Latino residents account for 5.2%. The Black or African American population (4.4%) is well below the state average of 9.1%.
Education
22.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 23% 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 91.9%.
Data Sources & Methodology
All demographic data for Monrovia, 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.
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Frequently Asked Questions
What is the population of Monrovia, Indiana?
Monrovia, Indiana has a population of 2,055 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Monrovia, IN?
The median household income in Monrovia is $92,344, which is 14% higher than the national median of $80,734.
What is the poverty rate in Monrovia, IN?
The poverty rate in Monrovia is 6.4%. This means approximately 132 residents live below the federal poverty line.
What is the racial makeup of Monrovia, Indiana?
Monrovia's population is 80.8% White, 4.4% Black, 5.2% Hispanic/Latino, and 2.5% Asian.
What is the median home value in Monrovia, IN?
The median home value in Monrovia is $233,200. The home-value-to-income ratio is 2.5x.
How educated is Monrovia, Indiana?
22.7% of adults (25+) in Monrovia hold a bachelor's degree or higher, and 6.3% hold a graduate or professional degree.