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Apartments Near Monroe
For SaleMonroe, MI Homes for Sale
Living In Monroe, MI
Monroe, Michigan is a small city with approximately 20,000 residents. At an average age of just under 38, the city's population skews younger than most cities in Michigan. Renters tend to be in the minority in the city, and 61% of residents own their homes. With a relatively low average rent of $717 per month in the city, renting remains an affordable option, particularly compared to other cities in Michigan. Each month, renters in Monroe will save around $157 compared to the state average.
Many Monroe residents work in one of three industries: manufacturing, healthcare, and retail. Together, these industries account for 22% of the labor force in the city. Meanwhile, looking at job function, many workers in these industries are in sales, as 7% of the city's population reports this as their field of work, the highest number of any profession. With an average annual income of just over $56,000, Monroe workers bring in a little less than their peers elsewhere in the state. The city's average income also trails the national average of $73,345. Compared to the national average (5%), Monroe has a relatively high percentage of residents over the age of 25 with an Associate's degree (7%). Further, 13% have a Bachelor's, Master's, Professional, or Doctoral degree.
Monroe has an average commute time of about 24 minutes. Driving a vehicle is the most common way to get to work, selected by 38% of commuters, while public transit isn't widely used. Not many workers commute on foot.
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