Zip 57047 (Monroe, SD) Cost of Living


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How much do I need to live in Monroe, South Dakota?
$2,070 / month
for a family, 61.7% less expensive than the national average A total of $24,840 for the year for a family.
$2,267 / month
for a single person, 52.4% less expensive than the national average A total of $27,200 for the year for a single person.

Monroe cost of living score
86.3
Less expensive
13.7% lower
than the US average
3.4% lower
than the South Dakota average
Monroe (zip 57047), South Dakota gets a BestPlaces Cost of Living score of 86.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.7% lower than the U.S. average and 3.4% higher than the average for South Dakota.

Zip 57047 (Monroe, SD)

Housing costs in Monroe?
A typical home costs $130,500, which is 61.4% less expensive than the national average of $338,100 and 51.3% less expensive than the average South Dakota home, at $268,000. Renting a two-bedroom unit in Monroe costs $810 per month, which is 11.0% cheaper than the national average of $910 and 17.3% cheaper than the state average of $950.

Can I afford Monroe?
To live comfortably in Monroe (zip 57047), South Dakota, a minimum annual income of $24,840 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Monroe?
The cost of living in 57047 Monroe, SD is quite affordable compared to other parts of the country. The overall cost of living index for this area is 84.2 which is just below the US average of 100. Housing and groceries are particularly reasonable as median home prices are around $135,000 and grocery costs are slightly lower than the national average. In addition, property taxes in Monroe are very low with a rate of only 1% on the assessed value of a home. This makes it a great place to live for those who want to save money without sacrificing quality or convenience.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMonroeSouth DakotaUnited States
    Unlock89.3100.0
  95.9  Unlock100.0
    Unlock120.8100.0
  26.3  Unlock100.0
    Unlock$268,000$338,100
  95.2  Unlock100.0
    Unlock71.2100.0
  79.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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