Housing costs in Monrovia?
A typical home costs
$264,800, which is 21.7% less expensive than the national average of
$338,100 and 19.5% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Monrovia costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 2.1% cheaper than the state average of
$980.
Can I afford Monrovia?
To live comfortably in Monrovia (zip 46157), Indiana, a minimum annual income of
$50,760 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Monrovia?
The cost of living in 46157 Monrovia, IN is quite affordable. It has a Cost of Living Index of 79.3, which is lower than the national average. The median home value is $145,000 and the median rent price is $824, both of which are well below U.S averages. Additionally, utilities like electricity and natural gas are relatively inexpensive compared to other parts of the country. The overall cost of living in Monrovia makes it an ideal place for those looking for an affordable city to live and work in.