Monroe, NY Cost Of Living

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

Cost Of Living In Monroe, NY 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 New York, 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 133, with 100 being the average.

  • The cost of living index in Monroe is 1.3x higher than the national average.

  • Monroe ranks as the #158 cheapest in New York out of 340.

  • Monroe ranks as the #5,359 cheapest out of 6,412 in the US.

  • The median home value in Monroe is $336,800.

  • The median income in Monroe is $107,944.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
133
Monroe's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Monroe, NY?

According to the most recent data on the cost of living, Monroe has an overall cost of living index of 133, which is 1.3x higher than the national index of 100.

Compared to New York, Monroe has a cost of living index that's 1.1x higher than New York's index of 126.

The standard of living in Monroe ranks as #158 most affordable out of the 340 places we measured in New York. By definition, that implies Monroe ranks as the #182 most expensive place in the Empire State.

For more reading on life in Monroe, check out:

158 out of 340
In New York
5,359 out of 6,412
In America

Monroe Cost Of Living Vs. New York

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 123.

  • The Groceries index in Monroe is 108.

  • The Health index in Monroe is 115.

  • The Housing index in Monroe is 164.

  • The Transportation index in Monroe is 114.

  • The Utilities index in Monroe is 130.

Living Expense Monroe New York National Average
Overall 133 126 100
Services 123 110 100
Groceries 108 104 100
Health 115 105 100
Housing 164 175 100
Transportation 114 107 100
Utilities 130 102 100
For more reading on cost of living around New York, check out:
Monroe Cost of Living Vs. NY

Monroe, NY Housing Cost Breakdown

Housing swings affordability the most between places in New York, 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 $336,800.

  • The Median Rent in Monroe is $1,670.

  • The Median Income in Monroe is $107,944.

  • The Home Value To Income in Monroe is 3.1x.

  • The Rent To Monthly Income in Monroe is 0.19x.

Statistic Monroe New York United States
Median Home Value $336,800 $340,600 $244,900
Median Rent $1,670 $1,390 $1,163
Median Income $107,944 $75,157 $69,021
Home Value To Income 3.1x 4.5x 3.5x
Rent To Monthly Income 0.19x 0.22x 0.2x
Search Homes For Sale In Monroe, NY
$336,800
Median Home Value
$1,670
Median Rent
$107,944
Median Income

Monroe, NY Costs By Category

Detailed Monroe Services Costs Vs. New York

Item Monroe New York
Shampoo $0.96 $1.06
Movie $13.09 $10.68
Bowling $18.83 $14.67
Haircut $32.76 $18.62
Beauty Salon $65.09 $39.05

Detailed Monroe Groceries Costs Vs. New York

Item Monroe New York
Ground Beef $4.44 $4.22
Fried Chicken $1.42 $1.39
Milk $2.65 $2.05
Potatoes $3.98 $3.29
Pizza $9.41 $10.62
Beer $10.04 $9.38
Toothpaste $2.13 $2.34

Detailed Monroe Health Costs Vs. New York

Item Monroe New York
Optometrist $127.5 $108.57
Doctor $118.17 $116.17
Dentist $132.27 $99.13

Detailed Monroe Transportation Costs Vs. New York

Item Monroe New York
Gasoline $2.33 $2.22
Tire Balancing $69.75 $50.07

Detailed Monroe Utilities Costs Vs. New York

Item Monroe New York
All Electricity $261.22 $167.67
Phone $178.6 $175.64

Monroe SnackAbility

6
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
6
Diversity
9.5
Safety
8.5
Amenities
8.5
Education
8
Commute
3

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:

  • Kiryas Joel, NY has a cost of living index of 134, 1.0x Monroe.

  • Jefferson Valley-Yorktown, NY has a cost of living index of 146, 1.1x Monroe.

  • Stony Point, NY has a cost of living index of 137, 1.0x Monroe.

City Population Cost Of Living Vs. Monroe
Kiryas Joel, NY 32,498 134 1.0x
Jefferson Valley-Yorktown, NY 14,168 146 1.1x
Stony Point, NY 12,389 137 1.0x
Suffern, NY 11,376 127 1.0x
Chestnut Ridge, NY 10,211 140 1.1x
Woodbury, NY 9,111 131 1.0x
Valley Cottage, NY 8,749 145 1.1x
Hillcrest, NY 8,667 143 1.1x
Congers, NY 7,926 151 1.1x
Wesley Hills, NY 6,105 166 1.2x

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