Housing costs in Monroe?
A typical home costs
$345,700, which is 2.2% more expensive than the national average of
$338,100 and 19.5% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Monroe costs
$1,210 per month, which is 9.0% more than the national average of
$1,110 and 3.3% cheaper than the state average of
$1,250.
Can I afford Monroe?
To live comfortably in Monroe (zip 28110), North Carolina, a minimum annual income of
$66,240 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in 28110 Monroe, NC is relatively affordable. Overall, housing costs are lower than the national average and utility costs are comparable. Groceries and dining out costs are also fairly competitive. This is due to there being a strong competition among local businesses to remain competitive with pricing. It also helps that North Carolina has no state income tax, meaning more money stays in people’s pockets which can be used towards everyday living costs. In general, Monroe is a great place to live for those looking for a reasonably priced place to call home.