Housing costs in Monroe?
A typical home costs
$151,300, which is 55.2% less expensive than the national average of
$338,100 and 18.1% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Monroe costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 16.3% cheaper than the state average of
$1,000.
Can I afford Monroe?
To live comfortably in Monroe Louisi Metro Area, Louisiana, a minimum annual income of
$29,160 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in Monroe, LA Metro Area is 17.2% lower than the US average. This means that residents of Monroe can enjoy a relatively affordable quality of life compared to other locations in the United States. The median value of houses in the area also reflects this affordability, with homes costing an estimated $151300 - significantly below the US average of $338100. This makes Monroe an attractive option for those looking for a more budget-friendly living option without sacrificing essential amenities and services.