A small city in Louisiana, Monroe has a population of slightly more than 49,000. Young adults (15-24) will fit right in, as they account for an above-average 19% of the community. Overall, the city's population, with an average age of just under 36, is younger than most cities in Louisiana. A slight majority of residents rent their homes (54%) as opposed to owning (46%) in Monroe. With a relatively reasonable average rent of $714/month in the city, renting remains an affordable option, particularly compared to other cities in Louisiana. Over the course of a year, renters in Monroe will save around $2,100 compared to the state average.
Monroe residents have an average commute of about 16 minutes, quicker than the Louisiana average of about 25 minutes. Driving a car or truck is the prevailing mode of getting to work, opted for by 35% of residents, while public transportation isn't used much. Walking isn't a common method of commuting to work.
Eleven percent of Monroe residents older than 25 possess a Bachelor's degree, while 5% have earned a Master's degree or Doctorate. Many Monroe residents work in one of three industries: healthcare, retail, and entertainment. Combined, these industries account for 20% of the labor force in the city. Meanwhile, in terms of job function, many of the city's workers are in sales, as 7% of the city's population reports this as their field of work, the highest number of any field. With an average annual income of just over $51,000, Monroe workers take home less than their peers elsewhere in the state. The city's average income also falls below the national average of $73,345.
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