Housing costs in Monroe?
A typical home costs
$248,700, which is 26.4% less expensive than the national average of
$338,100 and 12.2% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Monroe costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 25.6% cheaper than the state average of
$980.
Can I afford Monroe?
To live comfortably in Monroe (zip 46772), Indiana, a minimum annual income of
$47,520 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in 46772 Monroe, IN is quite affordable compared to other parts of the state. Housing costs are relatively low, with median home prices below the national average and rental costs lower still. Utilities are generally affordable, and transportation is easy thanks to the many highways that run through the county. The area also has a wide selection of shopping and dining options, making it a great place for people on a budget. With all these factors combined, Monroe residents can enjoy an excellent quality of life without breaking the bank.