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 Metro Area, 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 Metro Area is quite favorable compared to the US average. At 91.6 on the index, it's slightly below the national average of 100. This can be attributed to the lower median house value in Monroe, MI Metro Area compared to the US average which is $209,200 and $338,100 respectively. Lower housing costs mean lower overall cost of living, making Monroe an attractive place for those looking for a more affordable lifestyle.