Housing costs in Monroe?
A typical home costs
$260,000, which is 23.1% less expensive than the national average of
$338,100 and 17.3% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Monroe costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 30.7% cheaper than the state average of
$980.
Can I afford Monroe?
To live comfortably in Monroe, Indiana, a minimum annual income of
$49,680 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in Monroe, IN is quite reasonable compared to other areas in the United States. The average cost of goods and services in the area is eight percent lower than the national average, making it a great place for those looking to save money while still enjoying quality housing, food, and entertainment. Additionally, there are many job opportunities available within the community that offer competitive wages and benefits packages. In addition to this, Monroe offers a low property tax rate and numerous discounts on taxes due to its small-town status. All of these factors combine to make Monroe an ideal location for those seeking an affordable lifestyle without sacrificing quality.