Housing costs in Monroe?
A typical home costs
$321,000, which is 5.1% less expensive than the national average of
$338,100 and 4.2% more expensive than the average Georgia home, at
$308,200. Renting a two-bedroom unit in Monroe costs
$1,290 per month, which is 9.8% cheaper than the national average of
$1,430 and close to the state average of
$1,280.
Can I afford Monroe?
To live comfortably in Monroe, Georgia, a minimum annual income of
$61,560 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in Monroe, GA is surprisingly low compared to other cities and areas of the country. According to Sperling's bestplaces, the cost of living index for Monroe is 89.3, which is 11.7 points lower than the national average. This makes Monroe a great place to live for those looking for an affordable lifestyle. Housing costs are also low, with the median home value being around $116,100 and the median rent price being $765 per month. Overall, living in Monroe is quite affordable when taking into consideration its proximity to Atlanta and other major cities in Georgia.