Monroe County, Indiana: commercial real estate data.
Monroe County, Indiana had an estimated 140,702 residents on July 1, 2024, down 0.1 percent since the 2020 census base of 140,773, across 395 square miles. County output reached $9.35 bn in 2024, 3,095 establishments operate here, and the SBA record carries 98 7(a) approvals worth $49.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Monroe County
How many people live in Monroe County
- Population, American Community Survey 2020-2024140,965
- Households59,236
- Average household size2.38
- Median household income$65,868
- Median age31.2
- Median gross rent$1,193 per month
- Median owner-occupied home value$285,200
- Home value to household income4.3 times
- Annual rent as a share of median income21.7 percent
- Adults 25 and over with a bachelor degree or higher49.5 percent
- Adults 25 and over with a graduate degree25.6 percent
- Adults 25 and over83,279
- Population under 1822,129
- Share under 1815.7 percent
- Population 65 and over20,647
- Share 65 and over14.6 percent
- Working age population, 18 to 6498,189
- Civilian labor force75,408
- Unemployment rate5.5 percent
- Labor force participation, adults 18 and over63.5 percent
- Rank by population among Indiana counties12th of 92
- Rank by population among US county-equivalents, Puerto Rico included475th of 3,222
Monroe County is the 12th largest of 92 Indiana counties by population. A median home costs 4.3 times median household income, which is seriously unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 15.7 percent against 14.6 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Monroe County
Is Monroe County's population growing?
- Population, July 1, 2024140,702
- Census 2020 base population140,773
- Population change since the 2020 census base-0.05 percent
- Population change, 2023 to 2024-350
- Births, 20241,024
- Deaths, 20241,183
- Natural change, 2024-159
- Net domestic migration, 2024-1,775
- Net international migration, 20241,577
- Total net migration, 2024-198
- Cumulative net domestic migration, 2021 to 2024-4,166
- Rank by growth among US county-equivalents1848th of 3,144
The county has lost 0.05 percent of its population since the 2020 census base. The population fell in 2024 from both sources: deaths exceeded births and more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Monroe County
Where are people moving to Monroe County from?
- Tax returns filed by households arriving3,921
- People arriving, from those returns6,020
- Tax returns filed by households leaving4,992
- Net household movement-1,071
- Adjusted gross income arriving$244.1 m
- Net adjusted gross income movement$-85.1 m
- Average income of an arriving household$62,243
- Average income of a leaving household$65,937
- Largest single originMarion County (319 households)
- Largest single destinationMarion County (515 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Marion County | 319 | 460 | $18.3 m |
| Lawrence County | 209 | 339 | $10.3 m |
| Greene County | 164 | 294 | $6.4 m |
| Owen County | 136 | 235 | $5.3 m |
| Morgan County | 99 | 173 | $4.5 m |
| Hamilton County | 97 | 137 | $5.2 m |
| Johnson County | 85 | 135 | $7.3 m |
| Cook County | 82 | 117 | $5.9 m |
Households arriving report $3,694 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Marion County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Monroe County
What is the Monroe County economy?
- County GDP, 2024$9.35 bn
- County GDP, 2023$8.90 bn
- GDP change, 2023 to 20245.0 percent
- GDP change over five years28.8 percent
- Rank by GDP among the Indiana areas BEA publishes11th of 92
- Rank by GDP among the US county areas BEA publishes465th of 3,127
- GDP per resident$66,308
Output grew 5.0 percent in the latest year and 28.8 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Monroe County
Employment by industry in Monroe County
- Covered employment, annual average67,215
- Establishments reporting3,439
- Average annual pay$58,879
- Average weekly wage$1,132
- Health care and social assistance, employment10,741
- Health care and social assistance, average annual pay$61,795
- Manufacturing, employment8,097
- Manufacturing, average annual pay$71,328
- Accommodation and food services, employment7,802
- Accommodation and food services, average annual pay$22,500
- Retail trade, employment6,113
- Retail trade, average annual pay$33,829
- Construction, employment2,737
- Professional, scientific and technical services, employment2,405
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 10,741 | 368 | $61,795 |
| Manufacturing | 8,097 | 98 | $71,328 |
| Accommodation and food services | 7,802 | 376 | $22,500 |
| Retail trade | 6,113 | 400 | $33,829 |
| Construction | 2,737 | 265 | $69,698 |
| Professional, scientific and technical services | 2,405 | 491 | $84,820 |
| Administrative and support and waste management services | 1,972 | 206 | $41,527 |
| Other services, except public administration | 1,911 | 276 | $45,367 |
Health care and social assistance is the largest private sector at 10,741 jobs, 16.0 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Monroe County
How many businesses are in Monroe County?
- Establishments, all industries3,095
- Employment at those establishments53,866
- Annual payroll$2.77 bn
- Establishments per 1,000 residents22.0
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Monroe County
Building permits in Monroe County
- Housing units authorized by permit, 2024872
- Declared construction value permitted$248.4 m
- Single family units authorized185
- Multifamily units authorized687
- Multifamily share of units78.8 percent
- Average declared value per unit$284,910
- Units authorized per 1,000 households14.7
Multifamily is 78.8 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Monroe County
SBA loans in Monroe County (7(a) and 504)
- 7(a) approvals recorded98
- 7(a) gross approval dollars$49.9 m
- Average 7(a) approval$508,730
- Median 7(a) approval$288,400
- 10th percentile approval$73,020
- 90th percentile approval$1,024,780
- Largest single approval$4,092,800
- Jobs reported supported, 7(a)1,509
- Jobs per approval15.4
- Distinct 7(a) lenders active31
- Distinct industries receiving approvals57
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer15.3 percent
- Loans on real estate terms15
- Loans on working capital terms, 120 months or shorter79
- Franchise loans14
- Franchise share of approvals14.3 percent
- Leading industry by approval countLimited-Service Restaurants (6)
- Most active lenderOld National Bank (16)
- 504 approvals recorded33
- 504 gross approval dollars$22.5 m
- Average 504 approval$682,364
- Median 504 approval$342,000
- Distinct CDCs active3
- 504 jobs per approval11.6
- 504 jobs per million dollars approved17.1
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$72.4 m
The average approval of $508,730 sits well above the median of $288,400, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 15.3 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Monroe County
SBA loan default and charge-off rates in Monroe County
Do SBA loans in Monroe County get paid back?
- Loans with a final outcome recorded22
- Paid in full22
- Charged off0
- Status: Paid in full22
- Status: Exempt from disclosure61
- Status: Cancelled9
- Status: Committed, not yet disbursed6
Only 22 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Monroe County
SBA lending by place in Monroe County
- Borrower cities with recorded lending3
- Bloomington, approvals95
- Unionville, approvals2
- Ellettsville, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Bloomington | 95 | $47,154,400 |
| Unionville | 2 | $2,511,100 |
| Ellettsville | 1 | $190,000 |
Bloomington accounts for 95 approvals against 2 in Unionville. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Monroe County
How large is Monroe County?
- Land area395 sq mi
- Rank by land area among Indiana counties49th of 92
- Width, east to west19.8 mi
- Height, north to south24.6 mi
- Geographies sharing a boundary6
- Residents per square mile of land357
- Establishments per square mile7.84
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Monroe County
Flood risk in Monroe County
- Participation of the county's own NFIP community Monroe County, unincorporated areasParticipating, community 180444
- Communities in the county in the NFIP Community Status Book4
- Of those, participating in the NFIP4
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Monroe County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Monroe County (community 180444), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Monroe County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Monroe County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Monroe County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024140,965
- Households59,236
- Average household size2.38
- Median household income$65,868
- Median age31.2
Common questions
Monroe County questions, answered from the record.
How many people live in Monroe County, Indiana?
The Census Bureau estimates 140,702 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 140,965, in 59,236 households, ranking 12th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Monroe County's population growing?
The population has fallen 0.05 percent since the 2020 census base of 140,773, to 140,702 on July 1, 2024. In 2024 there were 1,024 births against 1,183 deaths, with net migration of -198. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Monroe County?
$65,868. The median owner-occupied home is valued at $285,200, which is 4.3 times income, and median gross rent is $1,193 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Monroe County?
3,095 establishments, employing 53,866 people with an annual payroll of $2.77 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Monroe County?
Health care and social assistance is the largest private sector at 10,741 jobs, 16.0 percent of covered employment. Covered employment averages 67,215 jobs at an average annual pay of $58,879, or $1,132 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Monroe County?
98 7(a) approvals totaling $49.9 m since FY2020, across 31 lenders, with a median approval of $288,400, plus 33 504 approvals worth $22.5 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Monroe County?
872 housing units were authorized by permit in 2024, with a declared construction value of $248.4 m. Multifamily was 78.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Monroe County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Monroe County come from?
The largest single origin is Marion County, with 319 households. Arriving households report an average income of $62,243 against $65,937 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Monroe County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Monroe County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Monroe County
Cities and places in Monroe.
6 Census places lie wholly or partly in Monroe County. All 6 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Bloomington | city | 80,049 | 95 | Wholly in this county |
| Ellettsville | town | 6,698 | 1 | Wholly in this county |
| Smithville-Sanders | CDP | 3,299 | None recorded | Wholly in this county |
| Stanford | CDP | 472 | None recorded | Wholly in this county |
| Harrodsburg | CDP | 298 | None recorded | Wholly in this county |
| Stinesville | town | 297 | None recorded | Wholly in this county |
A further 2 of the county's 98 SBA 7(a) approvals are to borrowers in cities that match no Census place in Monroe County, the largest being Unionville (2). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby