Cost of Living in Monroe, LA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
76.5
100 = national avg
-23.5 vs national average
Living Wage (1 Adult)
$33,645
per year
Living Wage (Family of 4)
$79,524
per year
Cost Index by Category
Housing84.8
Food77.9
Transportation67.5
Healthcare82.3
Utilities83.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$793
per month
2 Bedroom
$1,026
per month
The overall cost of living index in Monroe is 76.5, which is 23.5% below the national average. Housing costs are below the national average at an index of 84.8. A single adult needs to earn approximately $33,645 per year to cover basic expenses.