Monroe, LA Metropolitan Statistical Area LA Demographic Data and Boundary Map

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Monroe, LA Metropolitan Statistical Area Boundary Map


Monroe, LA Metropolitan Statistical Area Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 207,685 (100%)
Population in Households 200,907 (96.7%)
Population in Families 163,808 (78.9%)
Population in Group Quarters1 6,778 ( 3.3%)
Population Density 91
Diversity Index2 54
 
 

INCOME

Median Household Income $41,885
Average Household Income $64,716
% of Income for Mortgage4 14%
Per Capita Income $25,088
Wealth Index5 65
 

HOUSING

Total HU (Housing Units) 92,290 (100%)
Owner Occupied HU 49,006 (53.1%)
Renter Occupied HU 31,302 (33.9%)
Vacant Housing Units 11,982 (13.0%)
Median Home Value $142,422
Average Home Value $181,069
Housing Affordability Index3 179
 

HOUSEHOLDS

Total Households 80,308
Average Household Size 2.5
Family Households 53,102
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.15% -0.18%
Households 0.2% -0.16%
Families -0.05% -0.32%
Median Household Income   1.13%
Per Capita Income   1.68%
Owner Occupied HU   -0.17%

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