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EconPulse

Local economy signal dashboard

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PLACEThriving

Monrovia, IN

Thriving overall. GDP / Output is the clearest support signal, while housing needs the most attention. Housing reads as affordable for a median-income household.

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Overall score90out of 100
Compare
100
90
100
75
92

Population

2,055

Data freshness

Unknown

GDP / Output

+20.3% YoY

100

$3.1B

Output changed +20.3% in 2024.

Vintage date unknown

State growth4.6%
U.S. growth5.3%

Jobs

Unemployment rate

90

2.4%

Unemployment is 2.4% for Latest available.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

+48.6% 5-year

100

2,055

Population moved +48.6% over the latest ACS window.

Vintage date unknown

State population6,851,073
U.S. population334,922,499

Housing

Rent share of income

75

18.0%

Median rent consumes 18.0% of median household income: Affordable.

Vintage date unknown

State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.1K per resident

92

$511.7M

$511.7M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$207.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$511.7M

$7.1K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$440.5M
2. Department of Veterans Affairs$54.6M
3. Department of Defense$7.8M

Top recipients

Dollars
1. TWIGG CORP$5.5M
2. REDACTED DUE TO PII$3.9M
3. LINSUN INDUSTRIAL GROUP LLC$2.2M

Affordable

Housing Affordability

18.0%

of median income

1BR estimate$1,136
2BR estimate$1,496
Median income$92,344
Median home value$233,200

ACS context

Quick Facts

Population

2,055

Median age

29.4

Bachelor's degree+

22.7%

Poverty rate

6.4%

Labor force participation

75.9%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+8.2%

GDP CAGR

+8.8%

Federal flow

5 years

Population (5 years)
20201,383
20211,467
20221,574
20232,090
20242,055
GDP (5 years)
2020$2.0B
2021$2.0B
2022$2.3B
2023$2.5B
2024$3.1B

2-year linear forecast

Predictive Outlook

Population forecast

20242,055
20252,304 *
20262,501 *

R² = 86.4% · * projected

GDP forecast

2024$3.1B
2025$3.2B *
2026$3.5B *

R² = 90.4% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$92,344/yr
Median rent$1,385/mo
Rent share of income18.0%
Est. mortgage (30yr, 6.5%)$14,150/yr
Mortgage share of income15.3%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate2.4%
State avg4.3%
U.S. avg5.2%
Labor force participation75.9%
Poverty rate6.4%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$233,200
Median monthly rent$1,385
Price-to-rent ratio14.0x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateStrong
Composite score95/100
Economic growth100/100
Labor market90/100
Population momentum100/100
Overall stability90/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Monrovia town, Indiana

City/Town

Part of

Indianapolis-Carmel-Greenwood, IN

Nearby locations

Belleville, INMooresville, INBethany, INBrooklyn, INCenterton, IN