Housing costs in Monroe?
A typical home costs
$159,100, which is 52.9% less expensive than the national average of
$338,100 and 13.9% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Monroe costs
$960 per month, which is 4.0% cheaper than the national average of
$1,000 and 10.4% more than the state average of
$860.
Can I afford Monroe?
To live comfortably in Monroe (zip 71203), Louisiana, a minimum annual income of
$30,600 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in Monroe, LA 71203 is relatively low compared to other cities. According to Sperling's Best Places, the cost of living index for Monroe is 81.1, which is significantly lower than the national average of 100. Rent and housing costs are well below the national average, with a median home price of only $95k and a median rent price of $764 per month. Utilities and health care are also reasonably priced, with an average utility bill of around $160 per month and health care costs that are 5% below the national average. In general, Monroe offers a great value for its residents when it comes to living expenses.