Housing costs in Monroe?
A typical home costs
$209,200, which is 38.1% less expensive than the national average of
$338,100 and 4.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Monroe costs
$1,070 per month, which is 25.2% cheaper than the national average of
$1,430 and 2.8% cheaper than the state average of
$1,100.
Can I afford Monroe?
To live comfortably in Monroe Michi County, Michigan, a minimum annual income of
$39,960 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in Monroe, MI County is 91.5, which is lower than the US average of 100. This means that living expenses are generally lower in Monroe compared to the rest of the country. Additionally, house median value in Monroe is $209,200, which is significantly lower than the national average of $338,100. This makes it an attractive area to live for those looking for a more affordable housing option. All in all, Monroe offers a low cost of living with relatively lower housing prices than the rest of the nation.