Monroe, Louisiana Income Statistics
Monroe Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Monroe Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Monroe | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $40,368 | $60,934 | $80,455 |
| Median Personal Income | $45,331 | $53,184 | $60,758 |
| Average Yearly Income Growth | 4.0% | 3.7% | 4.8% |
| Six-Figure Earners | 7.5% | 9.7% | 13.9% |
| $200k+ Households | 6.9% | 7.8% | 13.2% |
The median household income in Monroe is about 34% lower than in Louisiana. Income has been growing faster in Monroe (4.0%/yr) than in Louisiana (3.7%/yr).
About 7% of adults in Monroe earn six figures ($100,000 or more) a year, lower than the Louisiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Monroe, Louisiana grew by 38.4% from 2009 to 2024, reaching $40,368 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Monroe
| Metric | Monroe | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.634 | 0.574 | 0.552 |
| Male Median Income | $56,223 | $65,171 | $69,667 |
| Female Median Income | $44,645 | $47,031 | $56,850 |
| Gender Pay Gap | 20.6% | 27.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Monroe, it is 0.634, higher than Louisiana's 0.574, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 26% more than women's income in Monroe, Louisiana. Over a 35-year career, a 26% wage gap accumulates to roughly $405,230 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Monroe, Louisiana has narrowed from about 34% to 21% in 2024. Over that period the gap was widest at 36% in 2014, and was narrowest at 19% in 2023. In dollar terms, the gap has narrowed by $2,536 since 2009.
Employment
| Metric | Monroe | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.6% | 6.2% | 5.2% |
| Working from Home | 7.7% | 8.1% | 15.0% |
| Commute time (minutes) | 15 | 21 | 22 |
Approximately 1,721 people are unemployed in Monroe, Louisiana.
The average commute time in Monroe is 15 minutes, shorter than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Monroe, Louisiana has fallen from 9.9% to 9.6% in 2024. Over that period the rate peaked at 12.2% in 2015 and fell as low as 7.6% in 2020.
Conclusion
Considering all these factors, Monroe, Louisiana has an overall wealth index grade of D, making it somewhat worse than Louisiana, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Monroe, Louisiana.
How Rich Is Monroe, Louisiana?
Monroe has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $40,368, about 34% lower than the Louisiana average of $60,934.
How fast is household income rising in Monroe, Louisiana?
Between 2009 and 2024, the median household income in Monroe, Louisiana rose 38%, from $29,159 to $40,368. Over the same years, income here lagged behind Louisiana as a whole: +38% against +44%.
What was the median household income in Monroe in 2023?
In 2023, the median household income in Monroe, Louisiana was $36,795, up 2% from $36,245 in 2022. The Louisiana median that year was $60,038.
What was the median household income in Monroe in 2020?
In 2020, the median household income in Monroe, Louisiana was $31,858. By 2024 it had risen 27% to $40,368.
How strong is the job market in Monroe, Louisiana?
Unemployment in Monroe, Louisiana is 9.6%, well above the Louisiana rate of 6.2%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Monroe, Louisiana?
The Gini coefficient in Monroe is 0.634. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Monroe, Louisiana?
Since 2009, the income gap between men and women in Monroe, Louisiana has narrowed from about 34% to 21% in 2024. Over that period the gap was widest at 36% in 2014, and was narrowest at 19% in 2023. In dollar terms, the gap has narrowed by $2,536 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →