Monroe, LA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Monroe, LA Summary

Cost of living in Monroe research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Monroe is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Louisiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Monroe is 84, with 100 being the average.

  • The cost of living index in Monroe is 0.8x lower than the national average.

  • Monroe ranks as the #17 cheapest in Louisiana out of 109.

  • Monroe ranks as the #629 cheapest out of 6,412 in the US.

  • The median home value in Monroe is $149,000.

  • The median income in Monroe is $33,925.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
84
Monroe's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Monroe, LA?

According to the most recent data on the cost of living, Monroe has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.

Compared to Louisiana, Monroe has a cost of living index that's 0.9x lower than Louisiana's index of 92.

The standard of living in Monroe ranks as #17 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Monroe ranks as the #92 most expensive place in the Pelican State.

For more reading on life in Monroe, check out:

17 out of 109
In Louisiana
629 out of 6,412
In America

Monroe Cost Of Living Vs. Louisiana

Six factors go into calculating the cost of living index in Monroe. Here is how it fairs on each of the criteria:

  • The Services index in Monroe is 94.

  • The Groceries index in Monroe is 92.

  • The Health index in Monroe is 96.

  • The Housing index in Monroe is 72.

  • The Transportation index in Monroe is 86.

  • The Utilities index in Monroe is 82.

Living Expense Monroe Louisiana National Average
Overall 84 92 100
Services 94 96 100
Groceries 92 96 100
Health 96 99 100
Housing 72 83 100
Transportation 86 96 100
Utilities 82 86 100
For more reading on cost of living around Louisiana, check out:
Monroe Cost of Living Vs. LA

Monroe, LA Housing Cost Breakdown

Housing swings affordability the most between places in Louisiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Monroe is $149,000.

  • The Median Rent in Monroe is $729.

  • The Median Income in Monroe is $33,925.

  • The Home Value To Income in Monroe is 4.4x.

  • The Rent To Monthly Income in Monroe is 0.26x.

Statistic Monroe Louisiana United States
Median Home Value $149,000 $174,000 $244,900
Median Rent $729 $923 $1,163
Median Income $33,925 $53,571 $69,021
Home Value To Income 4.4x 3.2x 3.5x
Rent To Monthly Income 0.26x 0.21x 0.2x
Search Homes For Sale In Monroe, LA
$149,000
Median Home Value
$729
Median Rent
$33,925
Median Income

Monroe, LA Costs By Category

Detailed Monroe Services Costs Vs. Louisiana

Item Monroe Louisiana
Shampoo $1.03 $1.06
Movie $8.17 $10.68
Bowling $13.08 $14.67
Haircut $17.08 $18.62
Beauty Salon $38.13 $39.05

Detailed Monroe Groceries Costs Vs. Louisiana

Item Monroe Louisiana
Ground Beef $4.48 $4.22
Fried Chicken $1.16 $1.39
Milk $1.97 $2.05
Potatoes $3.03 $3.29
Pizza $10.95 $10.62
Beer $8.62 $9.38
Toothpaste $2.09 $2.34

Detailed Monroe Health Costs Vs. Louisiana

Item Monroe Louisiana
Optometrist $104.0 $108.57
Doctor $103.73 $116.17
Dentist $96.11 $99.13

Detailed Monroe Transportation Costs Vs. Louisiana

Item Monroe Louisiana
Gasoline $1.87 $2.22
Tire Balancing $43.62 $50.07

Detailed Monroe Utilities Costs Vs. Louisiana

Item Monroe Louisiana
All Electricity $111.98 $167.67
Phone $180.18 $175.64

Monroe SnackAbility

3
/10
Overall SnackAbility
Jobs
4/10
Housing
6
Affordability
4
Diversity
8.5
Safety
1
Amenities
8.5
Education
7
Commute
9.5

Cost Of Living In Cities Around Monroe

The cost of living varies in the cities and towns around Monroe. Here's a quick look at the cost of living in the most populous nearby places:

  • Ruston, LA has a cost of living index of 89, 1.1x Monroe.

  • Claiborne, LA has a cost of living index of 89, 1.1x Monroe.

  • West Monroe, LA has a cost of living index of 83, 1.0x Monroe.

City Population Cost Of Living Vs. Monroe
Ruston, LA 22,286 89 1.1x
Claiborne, LA 13,147 89 1.1x
West Monroe, LA 13,103 83 1.0x
Bastrop, LA 9,879 75 0.9x

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