Housing costs in Monroe?
A typical home costs
$279,500, which is 17.3% less expensive than the national average of
$338,100 and 41.9% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Monroe costs
$1,410 per month, which is 1.4% cheaper than the national average of
$1,430 and 30.5% more than the state average of
$980.
Can I afford Monroe?
To live comfortably in Monroe, Ohio, a minimum annual income of
$53,640 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in Monroe, OH is quite reasonable. The median home cost in the area is about $177,500, which is much lower than the national average of around $231,000. Rent prices in Monroe are also relatively low compared to other cities in the state, with an average monthly rent price of around $870. Groceries and other necessities are slightly above the national average but not too expensive when taking into consideration the lower overall cost of living. All in all, living in Monroe can be quite affordable for those looking for a place to call home without breaking their budget.