There’s a reason families are moving just a few miles down the road from Indianapolis. Monrovia is the closest and most affordable small rural community to the city, with affordable housing, scenic surroundings, and fast access to I-70. Those are the same assets that have made this once-sleepy burg one of the leading locations for TLD companies. Check out their website.
As of 2026 the population of Monrovia, IN is 2,319. The population is expected to grow to 2,553 by 2031 - a growth rate of 1.94%.
The median age of Monrovia, IN residents is 36.
The diversity index of Monrovia, IN is 27.5, meaning that there is a 28% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in Monrovia, IN is $122,784 and projected to be $136,963 in 2031. Per capita income is $41,934, projected to be $47,103 in 2031. 2.76% of households – 64 – have an income of $200,000 or higher. Average net worth is $1,359,447 and the average disposable income is $91,798.
There are 859 housing units in Monrovia, IN; 716 are owner-occupied, 76 are rented, and 67 are vacant. The average home value is $294,696, with 219 homes built in 2010 or later, and 78 built in 1939 or earlier.
There are 61 businesses in Monrovia, IN, employing 595 workers and pulling from a labor force of 988 age 16 and above. 668 workers commute into Monrovia, IN from outside the county or state. Key industries for the area include:
306 residents both live and work in/around Monrovia, IN. The average travel time is 0.0 minutes. 7.84% people have a commute of less than 5 minutes while 17.32% commute 90 minutes or more each way. Of commuters, 787 drive alone, 48 carpool, and 0 take public transportation. 12 use other modes of transport such as motorcycle, bicycle, walking, etc. 141 residents work from home.
518 members of the workforce hold a high school diploma or GED. 268 have associates degrees, 241 have bachelor’s degrees, and 95 hold a graduate or professional degree.
Source: ESRI, 2026-08-31
