Housing costs in Monrovia?
A typical home costs
$264,900, which is 21.7% less expensive than the national average of
$338,100 and 19.5% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Monrovia costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and close to the state average of
$980.
Can I afford Monrovia?
To live comfortably in Monrovia, Indiana, a minimum annual income of
$50,760 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Monrovia?
The cost of living in Monrovia, IN is relatively affordable. The median home value in the city is $123,700 and the median household income is $61,842, making it an attractive option for those looking for a reasonable cost of living. Additionally, groceries and transportation are much less expensive than larger cities, helping to offset other expenses like utilities or medical care. Residents of Monrovia can also enjoy amenities like parks and public spaces, along with easy access to nearby Indianapolis. All in all, Monrovia is an attractive place to live for those looking for a cost-effective lifestyle.