Monroe, NC Cost of Living


5 Reviews



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How much do I need to live in Monroe, North Carolina?
$4,620 / month
for a family, 14.4% less expensive than the national average A total of $55,440 for the year for a family.
$3,500 / month
for a single person, 26.6% less expensive than the national average A total of $42,000 for the year for a single person.

Monroe cost of living score
106.2
More expensive
6.2% higher
than the US average
16.7% higher
than the North Carolina average
Monroe, North Carolina gets a BestPlaces Cost of Living score of 106.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 6.2% higher than the U.S. average and 16.7% higher than the average for North Carolina.

Monroe, NC

Housing costs in Monroe?
A typical home costs $289,800, which is 14.3% less expensive than the national average of $338,100 and 0.2% more expensive than the average North Carolina home, at $289,300. Renting a two-bedroom unit in Monroe costs $1,190 per month, which is 16.8% cheaper than the national average of $1,430 and 6.7% more than the state average of $1,110.

Can I afford Monroe?
To live comfortably in Monroe, North Carolina, a minimum annual income of $55,440 for a family, and $42,000 for a single person is recommended.

What does A.I. say about Monroe?
The cost of living in Monroe, NC is below the national average, making it an attractive option for those looking to relocate. The overall cost of living index in Monroe is 81, which is 19 points lower than the national average of 100. The housing index in Monroe is much lower than the national average at just 72, with an average home cost of $174,900. Utilities are also affordable in the area, with electricity coming in at about 8% below the national average and water/sewer costs being about 10% cheaper. This makes it a great choice for those looking to save money while still enjoying a quality life in a welcoming community.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMonroeNorth CarolinaUnited States
    Unlock91.0100.0
  97.0  Unlock100.0
    Unlock107.2100.0
  84.3  Unlock100.0
    Unlock$289,300$338,100
  102.4  Unlock100.0
    Unlock83.9100.0
  111.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Monroe
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Moved to Monroe approx 6 years ago. It has been one excuse after the other for the high incidence of assault and battery as well as property crime. The mayor and city  More

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I have lived in Monroe since 2015. I have been welcomed by my neighbors and the community. Monroe is rapidly growning. The downtown area is family friendly and has added  More

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I’m so glad to be moving away from this little Charlotte wanna be Town run by rednecks! I’ve been here for 15 years and have been stopped by Sheriff’s about 8 times!  More

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