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.