Monrovia, IN Profile: Facts & Data

Monrovia, Indiana - Basic Facts

The Town of Monrovia had a population of 1,999 as of July 1, 2024.

The primary coordinate point for Monrovia is located at latitude 39.5789 and longitude -86.4822 in Morgan County. The formal boundaries for the Town of Monrovia encompass a land area of 1.77 sq. miles and a water area of 0 sq. miles. Morgan County is in the Eastern time zone (GMT -5).

The Town of Monrovia has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Monrovia is located within Township of Monroe, a minor civil division (MCD) of Morgan County.

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Monrovia, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,999 (100%)
Population in Households	1,999 (100.0%)
Population in Families	1,507 (75.4%)
Population in Group Quarters¹	0
Population Density	1,114
Diversity Index²	23


INCOME
Median Household Income	$97,756
Average Household Income	$110,499
% of Income for Mortgage⁴	13%
Per Capita Income	$37,478
Wealth Index⁵	87
Socioeconomic Status Index⁶	Moderate (57.3)

HOUSING
Total HU (Housing Units)	736 (100%)
Owner Occupied HU	614 (83.4%)
Renter Occupied HU	64 ( 8.7%)
Vacant Housing Units	58 ( 7.9%)
Median Home Value	$201,412
Average Home Value	$253,990
Housing Affordability Index³	201

HOUSEHOLDS
Total Households	678
Average Household Size	2.95
Family Households	504
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

736 (100%)

Owner Occupied HU

614 (83.4%)

Renter Occupied HU

64 ( 8.7%)

Vacant Housing Units

58 ( 7.9%)

Median Home Value

$201,412

Average Home Value

$253,990

Housing Affordability Index³

201

HOUSEHOLDS

Total Households

678

Average Household Size

2.95

Family Households

504

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	4.72%	2.42%
Households	4.60%	2.79%
Families		2.28%
Median Household Income		2.42%
Per Capita Income		3.15%
Owner Occupied HU		3.03%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

4.72%

2.42%

Households

4.60%

2.79%

Families

2.28%

Median Household Income

2.42%

Per Capita Income

3.15%

Owner Occupied HU

3.03%

Monrovia, IN - Peer Comparisons by Rank and Percentile

The table below compares Monrovia to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 226	77th
Population Density	# 403	59th
Median Household Income	# 122	88th
Housing Affordability Index	# 900	92nd
Per Capita Income	# 382	61st
Diversity Index	# 314	68th

Variable Description

Rank

Percentile

Total Population

# 226

77th

Population Density

# 403

59th

Median Household Income

# 122

88th

Housing Affordability Index

# 900

92nd

Per Capita Income

# 382

61st

Diversity Index

# 314

68th

Indiana Census Data Comparison Tool

Monrovia, IN Profile: Facts & Data

Monrovia, Indiana - Basic Facts

Monrovia, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Monrovia, IN - Peer Comparisons by Rank and Percentile

Monrovia, IN - Most Popular Things to Do

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Morgan County