Cost of Living in Monroe, MI
2024 data from the Bureau of Economic Analysis
Cost Index
93.5
6.5% below avg
Housing Index
74.6
Median Income
$72,573
Median Rent
$996/mo
Cost Breakdown
Overall93.5 (-6.5%)
Housing74.6 (-25.4%)
Goods93.7 (-6.3%)
Utilities93.7 (-6.3%)
Other Services99.6 (-0.4%)
National average = 100
Income & Housing
Median Household Income
$72,573/year
Median Home Value
$202,200
Median Monthly Rent
$996/mo
Per Capita Income
$37,704/year
Compare Monroe, MI With
Frequently Asked Questions
Is Monroe, MI expensive to live in?
Monroe, MI has a cost of living index of 93.5, which is 6.5% below the national average.
How much does housing cost in Monroe, MI?
Housing costs in Monroe, MI are indexed at 74.6 compared to the national average of 100. The median monthly rent is $996.
What is the average income in Monroe, MI?
The median household income in Monroe, MI is $72,573 per year.
What is the average home price in Monroe, MI?
The median home value in Monroe, MI is $202,200.