As of 2024 the population of Monahans is 7,426. The population is expected to shrink to 7,147 by 2029 - a growth rate of -0.76%.
The median age of Monahans residents is 36.
The diversity index of Monahans is 81.6, meaning that there is a 82% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in Monahans is $89,921 and projected to be $98,891 in 2029. Per capita income is $33,170, projected to be $37,265 in 2029. 1.93% of households – 143 – have an income of $200,000 or higher. Average net worth is $781,902 and the average disposable income is $73,260.
There are 3,461 housing units in Monahans; 1,993 are owner-occupied, 745 are rented, and 723 are vacant. The average home value is $169,393, with 290 homes built in 2010 or later, and 20 built in 1939 or earlier.
There are 318 businesses in Monahans, employing 2,858 workers and pulling from a labor force of 3,374 age 16 and above. 920 workers commute into Monahans from outside the county or state. Key industries for the area include:
2,430 residents both live and work in/around Monahans. The average travel time is 0.0 minutes. 8.27% people have a commute of less than 5 minutes while 1.85% commute 90 minutes or more each way. Of commuters, 2,855 drive alone, 393 carpool, and 1 take public transportation. 65 use other modes of transport such as motorcycle, bicycle, walking, etc. 60 residents work from home.
1,759 members of the workforce hold a high school diploma or GED. 423 have associates degrees, 491 have bachelor’s degrees, and 99 hold a graduate or professional degree.
