Monroe County, Indiana
Income Data
At a Glance
How Monroe County Compares
Detailed Income Statistics
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
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Income Comparison Calculator
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Your income is above the Monroe County median
County median: $63,372 per year
vs. County Median
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vs. State Average
-8%
vs. National Median
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Income Adequacy
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.