Housing costs in Monroe?
A typical home costs
$70,200, which is 79.2% less expensive than the national average of
$338,100 and 62.0% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Monroe costs
$780 per month, which is 22.0% cheaper than the national average of
$1,000 and 10.3% cheaper than the state average of
$860.
Can I afford Monroe?
To live comfortably in Monroe (zip 71202), Louisiana, a minimum annual income of
$13,320 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in Monroe, LA (zip code 71202) is relatively low compared to other areas. According to Sperling’s Best Places, the cost of living is about 8% lower than the national average. This includes housing costs, groceries, healthcare, utilities and transportation. The housing market is particularly affordable. Median home prices are around $99,000 and rental properties are around $900 per month for a one-bedroom apartment. Groceries and utilities also remain reasonably priced when compared with surrounding areas. Healthcare can be costly but overall it does not add too much to the overall cost of living index in Monroe.