Cost of Living in Monrovia, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
293.0
100 = national avg
+193.0 vs national average
Living Wage (1 Adult)
$128,925
per year
Living Wage (Family of 4)
$304,732
per year
Cost Index by Category
Housing391.0
Food200.0
Transportation215.7
Healthcare200.0
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,015
per month
2 Bedroom
$2,246
per month
The overall cost of living index in Monrovia is 293.0, which is 193.0% above the national average. Housing costs are above the national average at an index of 391.0. A single adult needs to earn approximately $128,925 per year to cover basic expenses.