Monroe, OH Cost Of Living
Cost Of Living In Monroe, OH 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 Ohio, 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 99, with 100 being the average.
The cost of living index in Monroe is 1.0x lower than the national average.
Monroe ranks as the #236 cheapest in Ohio out of 286.
Monroe ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Monroe is $201,800.
The median income in Monroe is $93,404.
Table Of Contents
Monroe's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Monroe, OH?
According to the most recent data on the cost of living, Monroe has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Ohio, Monroe has a cost of living index that's 1.1x higher than Ohio's index of 91.
The standard of living in Monroe ranks as #236 most affordable out of the 286 places we measured in Ohio. By definition, that implies Monroe ranks as the #50 most expensive place in the Buckeye State.
For more reading on life in Monroe, check out:
- Living In Monroe
- Monroe Crime Report
- Search Homes For Sale In Monroe, OH
In Ohio
In America
Monroe Cost Of Living Vs. Ohio
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 103.
The Groceries index in Monroe is 97.
The Health index in Monroe is 88.
The Housing index in Monroe is 95.
The Transportation index in Monroe is 99.
The Utilities index in Monroe is 93.
| Living Expense | Monroe | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 99 | 91 | 100 | |
| Services | 103 | 98 | 100 | |
| Groceries | 97 | 101 | 100 | |
| Health | 88 | 95 | 100 | |
| Housing | 95 | 73 | 100 | |
| Transportation | 99 | 98 | 100 | |
| Utilities | 93 | 93 | 100 | |
Monroe, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, 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 $201,800.
The Median Rent in Monroe is $1,163.
The Median Income in Monroe is $93,404.
The Home Value To Income in Monroe is 2.2x.
The Rent To Monthly Income in Monroe is 0.15x.
| Statistic | Monroe | Ohio | United States |
|---|---|---|---|
| Median Home Value | $201,800 | $159,900 | $244,900 |
| Median Rent | $1,163 | $870 | $1,163 |
| Median Income | $93,404 | $61,938 | $69,021 |
| Home Value To Income | 2.2x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Monroe, OH Costs By Category
Detailed Monroe Services Costs Vs. Ohio
Detailed Monroe Groceries Costs Vs. Ohio
Detailed Monroe Health Costs Vs. Ohio
Detailed Monroe Transportation Costs Vs. Ohio
Detailed Monroe Utilities Costs Vs. Ohio
Monroe SnackAbility
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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:
Middletown, OH has a cost of living index of 86, 0.9x Monroe.
Mason, OH has a cost of living index of 104, 1.1x Monroe.
Lebanon, OH has a cost of living index of 95, 1.0x Monroe.
| City | Population | Cost Of Living | Vs. Monroe |
|---|---|---|---|
| Middletown, OH | 50,114 | 86 | 0.9x |
| Mason, OH | 34,337 | 104 | 1.1x |
| Lebanon, OH | 20,770 | 95 | 1.0x |
| Springboro, OH | 18,831 | 101 | 1.0x |
| Blue Ash, OH | 13,229 | 103 | 1.0x |
| Loveland, OH | 13,125 | 98 | 1.0x |
| Trenton, OH | 12,973 | 92 | 0.9x |
| Franklin, OH | 11,650 | 89 | 0.9x |
| Montgomery, OH | 10,796 | 115 | 1.2x |
| Beckett Ridge, OH | 9,716 | 106 | 1.1x |
