Monroe, MA
Maps & Population Facts
Population
86
Population Density
8
Labor Participaton
44.7%
Bachelor's or Higher
15.9%
Median Household Income
$31,458
Median Individual Income
$35,000
Median Individual Income(Full-time Workers Only)
$66,250
Housing Estimates
Median House Value
$108,000
Median Gross Rent
$825
Median Mortgage Payment
$1,156
Housing Units
66
People who reside in Monroe live in:
Detached - Single Family Homes
73%
Apt, Condo, Other
27%
Analysis
Income
Households in Monroe earn signifcantly less money than the national median income, averaging 48% less per household.
Housing
Monroe has a median house price of $108,000. The cost of homeownership is significantly less than most areas. The cost of renting in Monroe is 18% less than the national average.
Percent | |
---|---|
Renter Occupied Households | 38% |
New Construction (Built after 2000) | 9% |
Demographics
The median age in Monroe is 55. Monroe has a population that is significantly older than in comparison to the US median age.
Monroe ranks in the lowest of the nation for having an educated population and has significantly less college graduates per resident than most areas.
Housing Data
Housing Comparison
Monroe | Massachusetts | USA | |
Median Property Value | 108,000 | 385,400 | 217,600 |
Median Mortgage Payment | 1,156 | 2,108 | 1,513 |
Median Gross Rent | 825 | 1,208 | 1,012 |
Property Vacancy | 28.8% | 10.0% | 12.6% |
% Renters | 21% | 38% | 36% |
Residents per Sq. Mi. | 8 | 885 | 93 |
Personal Comparison
Monroe | Massachusetts | USA | |
Median Household Income | 31,458 | 77,385 | 60,336 |
Median Individual Income | 35,000 | 41,700 | 33,646 |
Median Income (Full-Time) | 66,250 | 60,923 | 46,881 |
Median Age | 54.7 | 39.5 | 38.1 |
Labor Participation | 44.7% | 67.8% | 62.8% |
Attained College Degree | 15.9% | 43.4% | 32.0% |
Population Density Analysis
Monroe, MA
8
Residents per Sq. Mile
The population density of Monroe is comparable to that of a Remote Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +