Monroe has the 1520th largest population in the United States. The population shrank by 3.1% from 2010 to 2015, which was slower than the national average. Unemployment in the Monroe area is 3%, which is lower than the national average, and is getting better. Monroe has the 319th largest local economy in the US, and a low cost of living. The average pay for jobs in Monroe is below average at $42,250, and the median cost of a home in Monroe is $105,600, which is below the national average. 18% of workers in Monroe hold a bachelors degree or higher (above average), and 88% of workers have a high school degree (above average). Driving to work is especially common in Monroe. 86% of Monroe workers drive to work alone, 1% take public transit, 7% carpool, and 5% walk. People in Monroe spend an average of 20 minutes commuting to work, which is shorter than the national average of 26 minutes.