Monroe County, Michigan: commercial real estate data.
Monroe County, Michigan has a population of 155,505 across 549 square miles, up 0.8 percent since the 2020 census base. 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.
129 sourced county values · tier FULL · 12 sections
Monroe County
How many people live in Monroe County
- Population155,505
- 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-equivalents448th
Monroe County is the 15th largest of 83 Michigan counties by population. A median home costs 3.0 times median household income, which is an affordable ownership market 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 growing
- Population change since the 2020 census base0.80 percent
- Census 2020 base population154,810
- 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
The county has grown 0.80 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone 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 people moving to Monroe County come from
- Tax returns filed by households arriving3,575
- People arriving, from those returns6,263
- Adjusted gross income arriving$222.2 m
- Net adjusted gross income movement$0
- Average income of an arriving household$62,165
- Largest single originMonroe County Non-migrants (61,887 households)
- Largest single destination (61,887 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Monroe County Non-migrants | 61,887 | 123,122 | $4.75 bn |
| Wayne County | 1,182 | 2,209 | $81.6 m |
| Other flows - Different State | 773 | 1,305 | $47.0 m |
| Lucas County | 649 | 1,115 | $39.1 m |
| Other flows - South | 312 | 560 | $17.3 m |
| Washtenaw County | 290 | 516 | $17.7 m |
| Other flows - Midwest | 256 | 406 | $17.0 m |
| Other flows - Same State | 225 | 396 | $10.8 m |
The largest single source of arrivals is Monroe County Non-migrants, 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 the Monroe County economy runs on
- 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 Michigan counties16th
- Rank by GDP among US county-equivalents519th
- 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
Who employs people in Monroe County
- Covered employment, annual average41,159
- Establishments reporting2,514
- Average annual pay$60,516
- Average weekly wage$1,164
- Sector 31-33, employment5,814
- Sector 31-33, average annual pay$80,172
- Sector 44-45, employment5,380
- Sector 44-45, average annual pay$38,752
- Sector 62, employment4,683
- Sector 62, average annual pay$52,879
- Sector 72, employment4,278
- Sector 72, average annual pay$19,908
- Sector 56, employment2,310
- Sector 48-49, employment2,107
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 5,814 | 139 | $80,172 |
| Sector 44-45 | 5,380 | 324 | $38,752 |
| Sector 62 | 4,683 | 332 | $52,879 |
| Sector 72 | 4,278 | 264 | $19,908 |
| Sector 56 | 2,310 | 146 | $48,949 |
| Sector 48-49 | 2,107 | 102 | $57,891 |
| Sector 23 | 1,940 | 278 | $80,151 |
| Sector 81 | 1,199 | 200 | $46,326 |
The largest sector is the biggest private employer group at 5,814 jobs, 14.1 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Monroe County
What businesses operate 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.
US Census Bureau, County Business Patterns, 2023.
Monroe County
What is being built in Monroe County
- Housing units authorised by permit, 2024237
- Declared construction value permitted$66.2 m
- Single family units authorised219
- Multifamily units authorised18
- Multifamily share of units7.6 percent
- Average declared value per unit$279,408
- Units authorised per 1,000 households3.8
Multifamily is 7.6 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Monroe County
How much SBA lending happens in Monroe County
- 7(a) approvals recorded198
- 7(a) gross approval dollars$84.7 m
- Average 7(a) approval$427,888
- Median 7(a) approval$140,000
- 10th percentile approval$25,000
- 90th percentile approval$1,395,000
- 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
- Leading industry by approval countLimited-Service Restaurants (12)
- 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)
- 7(a) share of SBA approvals88.0 percent
- Combined SBA approval dollars$102.4 m
The average approval of $427,888 sits well above the median of $140,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually 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
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.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Monroe County
Which parts of Monroe County get the lending
- Places in the county with recorded lending21
- MONROE, approvals73
- TEMPERANCE, approvals21
- DUNDEE, approvals20
- Lambertville, approvals15
- CARLETON, approvals13
- Erie, approvals10
| Place | 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 |
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 big 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 boundary3
- 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
What hazards affect Monroe County
- EPA radon zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
- Communities 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
The EPA places the county in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The best Community Rating System class in the county is 8, which carries a flood insurance premium discount for properties in the participating community.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
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.
- Population155,505
- 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?
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 growing?
The population has grown 0.80 percent since the 2020 census base. 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 there 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 the average wage in Monroe County?
Average annual pay is $60,516, or $1,164 a week, across 41,159 covered jobs. 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 totalling $84.7 m since FY2020, across 42 lenders, with a median approval of $140,000, plus 27 504 approvals worth $17.7 m. 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.
What is being built in Monroe County?
237 housing units were authorised 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 Monroe County Non-migrants, with 61,887 households. Arriving households report an average income of $62,165 against null 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.