Monroe, CT Cost of Living


5 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Monroe cost of living score
138.6
More expensive
38.6% higher
than the US average
24.0% higher
than the Connecticut average
Monroe, Connecticut gets a BestPlaces Cost of Living score of 138.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 38.6% higher than the U.S. average and 24.0% lower than the average for Connecticut.

Monroe, CT

Housing costs in Monroe?
A typical home costs $496,800, which is 46.9% more expensive than the national average of $338,100 and 37.2% more expensive than the average Connecticut home, at $362,100. Renting a two-bedroom unit in Monroe costs $1,720 per month, which is 20.3% more than the national average of $1,430 and 3.5% more than the state average of $1,660.

Can I afford Monroe?
To live comfortably in Monroe, Connecticut, a minimum annual income of $95,040 for a family, and $56,000 for a single person is recommended.

What does A.I. say about Monroe?
The cost of living in Monroe, CT is quite high compared to other parts of the country. The average home price in Monroe is around $360,000, which is much higher than the national average of just over $200,000. Additionally, basic items such as food and utilities can be quite expensive. Groceries are about 10% higher than the national average, and utilities are about 20% higher than the national average. That being said, Monroe is a wonderful place to live with plenty of amenities and an active community.
   Cost of living score
     CategoriesMonroeConnecticutUnited States
  138.6111.8100.0
  105.6106.6100
  126.8118.6100.0
  148.4109.2100.0
  $496,800$362,100$338,100
  116.5%118.5%100.0%
  132.9112.4100.0
  162.5126.8100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Monroe
    See all (5)

Over 14 years ago

Monroe is an old Fairfield County village, considered the "boonies" as late as 1978, that has grown into a medium size town. The influx of transients- mostly corporate  More

   |    Reply

Over 15 years ago

Monroe is lacking the usual New England charm that many surrounding towns have. While parts of the Town are pretty, there are many run down shacks and unpleasant  More

   |    Reply

Over 15 years ago

Half the town's government is made up of school teaches, so naturally, 90% of the budget goes to them. Property taxes are typically $8000.00, and then you add personal  More

   |    Reply

Start Your Review of Monroe

Crime
Compare Monroe, CT cost of living
Compare food, housing, utilities, and more in Monroe, Connecticut to any other city in the US.