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ZipNumbers

Michigan · Census place 55020

Monroe city, MI

Quick answer

Monroe city has 20,330 residents, ranking #59 of 745 places in Michigan. Median household income is $59,532, the median home is worth $161,500 and median gross rent runs $898 a month.

Population
20,330Monroe city residents
Median household income
$59,532Past 12 months, inflation adjusted
Median home value
$161,500Owner-occupied units
Median gross rent
$898Rent plus utilities, monthly
Median age
36.9 yrsAll residents
Homeownership rate
67.8%Owner-occupied households

What the numbers mean in Monroe city

Housing cost measured against local earnings.

A household earning the Monroe city median would spend about 18.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 18.3% of residents and 67.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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