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 2025 the population of Monrovia, IN is 2,170. The population is expected to grow to 2,403 by 2030 - a growth rate of 2.06%.
The median age of Monrovia, IN residents is 37.
The diversity index of Monrovia, IN is 25.2, meaning that there is a 25% 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 $118,541 and projected to be $129,886 in 2030. Per capita income is $40,370, projected to be $44,538 in 2030. 3.18% of households – 69 – have an income of $200,000 or higher. Average net worth is $1,209,645 and the average disposable income is $88,428.
There are 797 housing units in Monrovia, IN; 674 are owner-occupied, 65 are rented, and 58 are vacant. The average home value is $251,005, with 323 homes built in 2010 or later, and 56 built in 1939 or earlier.
There are 59 businesses in Monrovia, IN, employing 623 workers and pulling from a labor force of 1,090 age 16 and above. 714 workers commute into Monrovia, IN from outside the county or state. Key industries for the area include:
364 residents both live and work in/around Monrovia, IN. The average travel time is 36.3 minutes. 11.26% people have a commute of less than 5 minutes while 17.31% commute 90 minutes or more each way. Of commuters, 793 drive alone, 110 carpool, and 0 take public transportation. 26 use other modes of transport such as motorcycle, bicycle, walking, etc. 161 residents work from home.
498 members of the workforce hold a high school diploma or GED. 249 have associates degrees, 233 have bachelor’s degrees, and 72 hold a graduate or professional degree.
