Housing costs in Monroe?
A typical home costs
$302,500, which is 10.5% less expensive than the national average of
$338,100 and 53.6% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Monroe costs
$1,530 per month, which is 56.1% more than the national average of
$980 and 28.8% more than the state average of
$1,090.
Can I afford Monroe?
To live comfortably in Monroe (zip 45050), Ohio, a minimum annual income of
$57,960 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in 45050 Monroe, OH is relatively affordable compared to other cities. According to Sperling's Best Places, the cost of living index for Monroe is 89.2, which is 11.8% lower than the US average. This means that living expenses like groceries and housing are relatively low compared to other cities in the United States. For example, rent for a one-bedroom apartment in Monroe averages around $700 per month while in nearby Cincinnati it averages about $1,100 per month. Additionally, the median household income in Monroe is $48,827 per year which is just slightly below the US average of $51,939 per year. All these factors make Monroe an attractive place for people who are looking for an affordable place to call home.