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For a commutative cancellative monoid $M$, we introduce the notion of the length density of both a nonunit $x\in M$, denoted $\mathrm{LD}(x)$, and the entire monoid $M$, denoted $\mathrm{LD}(M)$. This invariant is related to three widely studied invariants in the theory of non-unit factorizations, $L(x)$, $\ell(x)$, and $ρ(x)$. We consider some general properties of $\mathrm{LD}(x)$ and $\mathrm{LD}(M)$ and give a wide variety of examples using numerical semigroups, Puiseux monoids, and Krull monoids. While we give an example of a monoid $M$ with irrational length density, we show that if $M$ is finitely generated, then $\mathrm{LD}(M)$ is rational and there is a nonunit element $x\in M$ with $\mathrm{LD}(M)=\mathrm{LD}(x)$ (such a monoid is said to have accepted length density). While it is well-known that the much studied asymptotic versions of $L(x)$, $\ell (x)$ and $ρ(x)$ (denoted $\overline{L}(x)$, $\overline{\ell}(x)$, and $\overlineρ (x)$) always exist, we show the somewhat surprising result that $\overline{\mathrm{LD}}(x) = \lim_{n\rightarrow \infty} \mathrm{LD}(x^n)$ may not exist. We also give some finiteness conditions on $M$ that force the existence of $\overline{\mathr
preprint / 2020