Monroe County, IN Cost of Living


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How much do I need to live in Monroe, Indiana?
$4,380 / month
for a family, 18.9% less expensive than the national average A total of $52,560 for the year for a family.
$3,200 / month
for a single person, 32.9% less expensive than the national average A total of $38,400 for the year for a single person.

Monroe cost of living score
88.8
Less expensive
11.2% lower
than the US average
6.1% higher
than the Indiana average
Monroe Indi County, Indiana gets a BestPlaces Cost of Living score of 88.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 11.2% lower than the U.S. average and 6.1% lower than the average for Indiana.

Monroe County, IN

Housing costs in Monroe?
A typical home costs $274,300, which is 18.9% less expensive than the national average of $338,100 and 23.8% more expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Monroe costs $1,120 per month, which is 21.7% cheaper than the national average of $1,430 and 12.5% more than the state average of $980.

Can I afford Monroe?
To live comfortably in Monroe Indi County, Indiana, a minimum annual income of $52,560 for a family, and $38,400 for a single person is recommended.

What does A.I. say about Monroe?
The cost of living in Monroe, IN County is 88.8, which is significantly lower than the US average cost of living of 100. This means that residents in this county can enjoy a higher quality of life for a fraction of the cost. Properties such as real estate are especially attractive with a median house value in Monroe, IN County standing at $274,300, more than $60,000 less than the US average of $338,100. The affordability combined with an overall low cost of living make Monroe, IN County an ideal place to live and raise a family.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMonroeIndianaUnited States
    Unlock83.7100.0
  95.8  Unlock100.0
    Unlock94.4100.0
  86.9  Unlock100.0
    Unlock$221,600$338,100
  99.8  Unlock100.0
    Unlock85.4100.0
  106.0  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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