Cost of Living in Monrovia, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
118.9
100 = national avg
+18.9 vs national average
Living Wage (1 Adult)
$52,326
per year
Living Wage (Family of 4)
$123,679
per year
Cost Index by Category
Housing103.4
Food119.8
Transportation139.7
Healthcare115.9
Utilities112.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,267
per month
2 Bedroom
$1,473
per month
The overall cost of living index in Monrovia is 118.9, which is 18.9% above the national average. Housing costs are above the national average at an index of 103.4. A single adult needs to earn approximately $52,326 per year to cover basic expenses.