Cost of Living in Monroe, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
107.4
100 = national avg
+7.4 vs national average
Living Wage (1 Adult)
$47,272
per year
Living Wage (Family of 4)
$111,734
per year
Cost Index by Category
Housing90.6
Food112.3
Transportation124.6
Healthcare109.8
Utilities105.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$789
per month
2 Bedroom
$1,008
per month
The overall cost of living index in Monroe is 107.4, which is 7.4% above the national average. Housing costs are below the national average at an index of 90.6. A single adult needs to earn approximately $47,272 per year to cover basic expenses.