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The median household income in Monroe town was $138,351 in 2021, which marked an an increase of 281(0.20%) from $138,070 in 2020. This income is 185.44% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Monroe town sees its highest median household income among householders in the age group of 45 to 64 years old, at $171,947. Overall, the median household income for the town of Monroe town stands at $138,351.
In Monroe town, the median income for all workers aged 15 years and older, regardless of work hours, was $68,640 for males and $40,254 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $111,537 for males and $87,403 for females.
In Monroe town, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $241,647, while Some Other Race households represent the opposite end with the lowest median household income of $84,492.
In 2021, the population of Monroe town was 18,764, a 0.04% increase year-by-year from 2020. Previously, in 2020, Monroe town's population was 18,756, a decline of 3.61% compared to a population of 19,459 in 2019.
The median age in Monroe, Connecticut is 41.4, as per 2021 ACS 5-Year Estimates. Of the total population, 20.83% were under the age of 15, 15.73% aged 15 to 29, 48.56% aged 30 to 64, 13.22% aged 65 to 84, and 1.65% were 85 years of age and older.
The total population of Monroe town is estimated to be 18,927 with 9,706 males (51.28%) and 9,221 females (48.72%). There are 485 less females than males in Monroe town.
Racial distribution of Monroe town population: 82.76% are White, 3.38% are Black or African American, 5.47% are Asian, 2.09% are some other race and 6.30% are multiracial.