Housing costs in Monroe?
A typical home costs
$183,600, which is 45.7% less expensive than the national average of
$338,100 and 16.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Monroe costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$1,100.
Can I afford Monroe?
To live comfortably in Monroe, Michigan, a minimum annual income of
$35,280 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Monroe?
Monroe, MI is an affordable place to live, with the cost of living being well below the national average. The median house price in Monroe is around $137,000 and the median income is around $60,000. Groceries, transportation and utilities are also quite affordable when compared to other Michigan cities. The overall cost of living in Monroe is about 10% lower than the national average. With low costs and plenty of job opportunities, Monroe makes an appealing location for those looking for a more budget-friendly place to settle down.