Monroe borough, PA Profile: Facts & Data

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Monroe borough, Pennsylvania - Basic Facts

The Borough of Monroe had a population of 479 as of July 1, 2023. Monroe borough ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Pennsylvania. See peer rankings below.

The primary coordinate point for Monroe borough is located at latitude 41.7123 and longitude -76.4759 in Bradford County. The formal boundaries for the Borough of Monroe encompass a land area of 0.49 sq. miles and a water area of 0 sq. miles.

The Borough of Monroe has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


Jump to... (On This Page!)
  1. Monroe borough 2023 Demographic Data
  2. Growth Rates for Monroe borough (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Pennsylvania Research Tools (Easy Tools & Current Data)
  3. Pennsylvania Data Comparison Tool - 2023 Demographics
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Monroe borough, PA Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 479 (100%)
Population in Households 479 (100.0%)
Population in Families 392 (81.8%)
Population in Group Quarters1 0
Population Density 970
Diversity Index2 8
 
 

INCOME

Median Household Income $57,780
Average Household Income $75,977
% of Income for Mortgage4 15%
Per Capita Income $32,516
Wealth Index5 64
Socioeconomic Status Index6 Moderate (53.3)
 

HOUSING

Total HU (Housing Units) 217 (100%)
Owner Occupied HU 163 (75.1%)
Renter Occupied HU 42 (19.4%)
Vacant Housing Units 12 ( 5.5%)
Median Home Value $145,313
Average Home Value $159,509
Housing Affordability Index3 155
 

HOUSEHOLDS

Total Households 205
Average Household Size 2.34
Family Households 145
Average Family Size 3.00
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.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.06% -0.13%
Households -0.30% 0.00%
Families   0.00%
Median Household Income   3.84%
Per Capita Income   2.96%
Owner Occupied HU   -0.25%

Monroe borough, PA - Peer Comparisons by Rank and Percentile

The table below compares Monroe borough to the other 1,888 incorporated cities, towns and CDPs in Pennsylvania by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 1352 28th
Population Density # 1132 40th
Median Household Income # 1203 36th
Housing Affordability Index # 1414 75th
Per Capita Income # 1205 36th
Diversity Index # 1735 8th

Additional comparisons and rankings can be made with a VERY EASY TO USE Pennsylvania Census Data Comparison Tool.

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