Housing costs in Monroe?
A typical home costs
$289,800, which is 14.3% less expensive than the national average of
$338,100 and 0.2% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Monroe costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 6.7% more than the state average of
$1,110.
Can I afford Monroe?
To live comfortably in Monroe, North Carolina, a minimum annual income of
$55,440 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in Monroe, NC is below the national average, making it an attractive option for those looking to relocate. The overall cost of living index in Monroe is 81, which is 19 points lower than the national average of 100. The housing index in Monroe is much lower than the national average at just 72, with an average home cost of $174,900. Utilities are also affordable in the area, with electricity coming in at about 8% below the national average and water/sewer costs being about 10% cheaper. This makes it a great choice for those looking to save money while still enjoying a quality life in a welcoming community.