Monroe County, Indiana

Income Data

-8% vs. Indiana average
$63,372
Median Household Income
$36,836
Per Capita Income

At a Glance

Median Household Income
$63,372
-8% vs. state avg
Per Capita Income
$36,836
-7% vs. national
Income-to-Housing Ratio
24.2%
income as % of home value
Rank in Indiana
#60 / 92
by median household income

How Monroe County Compares

Monroe County$63,372
Indiana Average$68,681
National Median$74,755

Detailed Income Statistics

$63,372
Median Household Income
$36,836
Per Capita Income
$261,700
Median Home Value
24.2%
Income-to-Housing Ratio

Data Story

About Household Income in Monroe County, Indiana

Monroe County income slightly below national

Monroe County's median household income of $63,372 trails the national median of $74,755 by $11,383, or 15.2%. Though below national average, the county's per capita income of $36,836 exceeds the national average, indicating pockets of higher earners supporting the broader economy.

Below Indiana's state median

Monroe County's $63,372 income falls short of Indiana's state median of $68,681 by $5,309. However, its per capita income of $36,836 ranks among the highest in this county group, suggesting concentrated professional and academic employment around Bloomington.

Mixed performance compared to neighbors

Monroe County's $63,372 income ranks above Miami ($61,130) and Marion ($63,450), but trails Marshall ($68,041), Montgomery ($66,571), Newton ($68,596), Martin ($65,345), and Morgan ($79,088). Its higher per capita income reflects the economic influence of Indiana University.

Housing costs stretch household budgets

Monroe County's rent-to-income ratio of 21.8% is among the highest in the region, approaching the 30% affordability ceiling. With a median home value of $261,700—the region's highest—homeownership challenges households earning the county median.

Balance housing costs with long-term goals

Monroe County households earning $63,372 face higher housing costs, making strategic financial planning essential; prioritize paying down high-interest debt before aggressively investing. Explore down payment assistance programs and consider working with a fee-only financial planner to align housing choices with retirement readiness.

Frequently Asked Questions

What is the median household income in Monroe County, Indiana?
The median household income in Monroe County, Indiana is $63,372, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Monroe County?
The per capita income in Monroe County is $36,836, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $63,372.
How does Monroe County compare to the Indiana average?
Monroe County's median household income of $63,372 is lower than the Indiana state average of $68,681. The per capita income is $36,836, compared to the state average of $34,773.
What is the per capita income in Monroe County, Indiana?
The per capita income in Monroe County, Indiana is $36,836, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Monroe County a low-income area in Indiana?
Monroe County's median household income of $63,372 is below the Indiana average of $68,681. The per capita income of $36,836 is also comparable to the state average of $34,773. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Monroe County rank for income in Indiana?
Monroe County ranks #60 out of 92 counties in Indiana by median household income (1 = highest). With a median household income of $63,372 and per capita income of $36,836, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Monroe County

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County median: $63,372 per year

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vs. State Average

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vs. National Median

-15%

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vs. National Median15% below

Income Adequacy

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Your monthly income ($5,281) vs. median rent ($1,151/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.