Monroe County, Michigan: commercial real estate data.
Monroe County, Michigan had an estimated 156,045 residents on July 1, 2024, up 0.8 percent since the 2020 census base of 154,810, across 549 square miles. County output reached $8.14 bn in 2024, 2,395 establishments operate here, and the SBA record carries 198 7(a) approvals worth $84.7 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 2020-2024155,505
- Households63,029
- Average household size2.47
- Median household income$77,335
- Median age42.8
- Median gross rent$1,059 per month
- Median owner-occupied home value$228,900
- Home value to household income3.0 times
- Annual rent as a share of median income16.4 percent
- Adults 25 and over with a bachelor degree or higher23.3 percent
- Adults 25 and over with a graduate degree8.5 percent
- Adults 25 and over111,168
- Population under 1832,522
- Share under 1820.9 percent
- Population 65 and over30,930
- Share 65 and over19.9 percent
- Working age population, 18 to 6492,053
- Civilian labor force75,558
- Unemployment rate5.1 percent
- Labor force participation, adults 18 and over61.4 percent
- Rank by population among Michigan counties15th of 83
- Rank by population among US county-equivalents, Puerto Rico included448th of 3,222
Monroe County is the 15th largest of 83 Michigan counties by population. A median home costs 3.0 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 20.9 percent against 19.9 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, 2024156,045
- Census 2020 base population154,810
- Population change since the 2020 census base0.80 percent
- Population change, 2023 to 2024455
- Births, 20241,187
- Deaths, 20241,626
- Natural change, 2024-439
- Net domestic migration, 2024593
- Net international migration, 2024311
- Total net migration, 2024904
- Cumulative net domestic migration, 2021 to 20241,938
- Rank by growth among US county-equivalents1550th of 3,144
The county has grown 0.80 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
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 arriving3,575
- People arriving, from those returns6,263
- Tax returns filed by households leaving3,592
- Net household movement-17
- Adjusted gross income arriving$222.2 m
- Net adjusted gross income movement$15.2 m
- Average income of an arriving household$62,165
- Average income of a leaving household$57,653
- Largest single originWayne County (1,182 households)
- Largest single destinationWayne County (876 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Wayne County | 1,182 | 2,209 | $81.6 m |
| Lucas County | 649 | 1,115 | $39.1 m |
| Washtenaw County | 290 | 516 | $17.7 m |
| Lenawee County | 148 | 247 | $8.0 m |
| Oakland County | 131 | 181 | $8.9 m |
| Macomb County | 56 | 84 | $2.2 m |
| Wood County | 53 | 94 | $3.2 m |
| Jackson County | 36 | 68 | $1.8 m |
Households arriving report $4,512 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Wayne 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$8.14 bn
- County GDP, 2023$7.87 bn
- GDP change, 2023 to 20243.3 percent
- GDP change over five years37.8 percent
- Rank by GDP among the Michigan areas BEA publishes16th of 83
- Rank by GDP among the US county areas BEA publishes519th of 3,127
- GDP per resident$52,322
Output grew 3.3 percent in the latest year and 37.8 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 average41,159
- Establishments reporting2,514
- Average annual pay$60,516
- Average weekly wage$1,164
- Manufacturing, employment5,814
- Manufacturing, average annual pay$80,172
- Retail trade, employment5,380
- Retail trade, average annual pay$38,752
- Health care and social assistance, employment4,683
- Health care and social assistance, average annual pay$52,879
- Accommodation and food services, employment4,278
- Accommodation and food services, average annual pay$19,908
- Administrative and support and waste management services, employment2,310
- Transportation and warehousing, employment2,107
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 5,814 | 139 | $80,172 |
| Retail trade | 5,380 | 324 | $38,752 |
| Health care and social assistance | 4,683 | 332 | $52,879 |
| Accommodation and food services | 4,278 | 264 | $19,908 |
| Administrative and support and waste management services | 2,310 | 146 | $48,949 |
| Transportation and warehousing | 2,107 | 102 | $57,891 |
| Construction | 1,940 | 278 | $80,151 |
| Other services, except public administration | 1,199 | 200 | $46,326 |
Manufacturing is the largest private sector at 5,814 jobs, 14.1 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 industries2,395
- Employment at those establishments37,143
- Annual payroll$2.00 bn
- Establishments per 1,000 residents15.4
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, 2024237
- Declared construction value permitted$66.2 m
- Single family units authorized219
- Multifamily units authorized18
- Multifamily share of units7.6 percent
- Average declared value per unit$279,408
- Units authorized per 1,000 households3.8
Single-family homes are 92.4 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Monroe County
SBA loans in Monroe County (7(a) and 504)
- 7(a) approvals recorded198
- 7(a) gross approval dollars$84.7 m
- Average 7(a) approval$427,888
- Median 7(a) approval$139,000
- 10th percentile approval$25,000
- 90th percentile approval$1,356,640
- Largest single approval$3,220,000
- Jobs reported supported, 7(a)1,562
- Jobs per approval7.9
- Distinct 7(a) lenders active42
- Distinct industries receiving approvals91
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer19.2 percent
- Loans on real estate terms38
- Loans on working capital terms, 120 months or shorter147
- Franchise loans25
- Franchise share of approvals12.6 percent
- Most active lenderThe Huntington National Bank (97)
- 504 approvals recorded27
- 504 gross approval dollars$17.7 m
- Average 504 approval$654,444
- Median 504 approval$364,000
- Distinct CDCs active6
- 504 jobs per approval23.0
- 504 jobs per million dollars approved35.1
- Most active CDCGreat Lakes Commercial Finance (11)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$102.4 m
The average approval of $427,888 sits well above the median of $139,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 19.2 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 recorded32
- Paid in full31
- Charged off1
- Charge-off rate on resolved loans3.1 percent
- Status: Cancelled24
- Status: Paid in full31
- Status: Exempt from disclosure128
- Status: Committed, not yet disbursed14
- Status: Charged off1
Of the 32 loans that have reached a final outcome, 3.1 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
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 lending20
- Monroe, approvals73
- Temperance, approvals21
- Dundee, approvals20
- Lambertville, approvals15
- Carleton, approvals13
- Erie, approvals10
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Monroe | 73 | $37,225,800 |
| Temperance | 21 | $10,751,700 |
| Dundee | 20 | $10,849,300 |
| Lambertville | 15 | $3,218,000 |
| Carleton | 13 | $2,395,000 |
| Erie | 10 | $4,187,500 |
| Petersburg | 9 | $403,700 |
| Maybee | 8 | $761,800 |
| 12 other borrower cities | 29 | $14,929,100 |
Monroe accounts for 73 approvals against 21 in Temperance. 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 area549 sq mi
- Rank by land area among Michigan counties60th of 83
- Width, east to west30.5 mi
- Height, north to south25.6 mi
- Geographies sharing a boundary4
- Residents per square mile of land283
- Establishments per square mile4.36
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
- Communities in the county in the NFIP Community Status Book22
- Of those, participating in the NFIP22
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 8
- Communities carrying a CRS class2
- Radon levels in Monroe County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The EPA places Monroe County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 8, which carries a flood insurance premium discount for policies written in that community. 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 2020-2024155,505
- Households63,029
- Average household size2.47
- Median household income$77,335
- Median age42.8
Common questions
Monroe County questions, answered from the record.
How many people live in Monroe County, Michigan?
The Census Bureau estimates 156,045 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 155,505, in 63,029 households, ranking 15th of 83 Michigan counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Monroe County's population growing?
The population has grown 0.80 percent since the 2020 census base of 154,810, to 156,045 on July 1, 2024. In 2024 there were 1,187 births against 1,626 deaths, with net migration of 904. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Monroe County?
$77,335. The median owner-occupied home is valued at $228,900, which is 3.0 times income, and median gross rent is $1,059 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Monroe County?
2,395 establishments, employing 37,143 people with an annual payroll of $2.00 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?
Manufacturing is the largest private sector at 5,814 jobs, 14.1 percent of covered employment. Covered employment averages 41,159 jobs at an average annual pay of $60,516, or $1,164 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?
198 7(a) approvals totaling $84.7 m since FY2020, across 42 lenders, with a median approval of $139,000, plus 27 504 approvals worth $17.7 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Monroe County get paid back?
Of the 32 loans that have reached a final outcome, 31 were paid in full and 1 charged off, a charge-off rate of 3.1 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Monroe County?
237 housing units were authorized by permit in 2024, with a declared construction value of $66.2 m. Multifamily was 7.6 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Monroe County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 Wayne County, with 1,182 households. Arriving households report an average income of $62,165 against $57,653 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.
17 Census places lie wholly or partly in Monroe County. All 17 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 |
|---|---|---|---|---|
| Monroe | city | 20,320 | 73 | Wholly in this county |
| Lambertville | CDP | 9,955 | 15 | Wholly in this county |
| Temperance | CDP | 8,914 | 21 | Wholly in this county |
| South Monroe | CDP | 6,960 | None recorded | Wholly in this county |
| Milan | city | 5,987 | 5 | 67.4 percent here, 32.6 percent Washtenaw County |
| Dundee | village | 5,744 | 20 | Wholly in this county |
| Detroit Beach | CDP | 2,771 | None recorded | Wholly in this county |
| West Monroe | CDP | 2,711 | None recorded | Wholly in this county |
| Carleton | village | 2,595 | 13 | Wholly in this county |
| South Rockwood | village | 1,924 | 1 | Wholly in this county |
| Woodland Beach | CDP | 1,919 | None recorded | Wholly in this county |
| Stony Point | CDP | 1,825 | None recorded | Wholly in this county |
| Luna Pier | city | 1,244 | 2 | Wholly in this county |
| Petersburg | city | 1,179 | 9 | Wholly in this county |
| Ida | CDP | 1,050 | 6 | Wholly in this county |
| Maybee | village | 634 | 8 | Wholly in this county |
| Estral Beach | village | 372 | None recorded | Wholly in this county |
A further 25 of the county's 198 SBA 7(a) approvals are to borrowers in cities that match no Census place in Monroe County, the largest being Erie (10), Newport (4), La Salle (3). 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