Monroe County AR Information

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Monroe County Subdivisions

Monroe County AR Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 7,473 (100%)
Population in Households 7,389 (98.9%)
Population in Families 5,860 (78.4%)
Population in Group Quarters1 84 ( 1.1%)
Population Density 12
Diversity Index2 57
 
 

INCOME

Median Household Income $32,730
Average Household Income $47,800
% of Income for Mortgage4 8%
Per Capita Income $20,723
Wealth Index5 43
 

HOUSING

Total HU (Housing Units) 4,404 (100%)
Owner Occupied HU 2,002 (45.5%)
Renter Occupied HU 1,235 (28.0%)
Vacant Housing Units 1,167 (26.5%)
Median Home Value $64,702
Average Home Value $84,590
Housing Affordability Index3 296
 

HOUSEHOLDS

Total Households 3,237
Average Household Size 2.28
Family Households 2,016
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population -0.84% -1.3%
Households -0.71% -1.22%
Families -0.92% -1.43%
Median Household Income   1.53%
Per Capita Income   2.22%
Owner Occupied HU   -1.29%

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Monroe County AR - Peer Comparisons by Rank and Percentile

The table below compares Monroe County to the other 75 counties and county equivalents in Arkansas by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 73 4th
Population Density # 70 8th
Median Household Income # 72 5th
Housing Affordability Index # 72 96th
Per Capita Income # 57 25th
Diversity Index # 11 87th

Additional comparisons and rankings can be made with a VERY EASY TO USE Arkansas Census Data Comparison Tool.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Arkansas COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.


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