Cost of Living in Monroe, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.5
100 = national avg
-5.5 vs national average
Living Wage (1 Adult)
$41,590
per year
Living Wage (Family of 4)
$98,303
per year
Cost Index by Category
Housing95.0
Food95.5
Transportation93.4
Healthcare96.4
Utilities96.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,011
per month
2 Bedroom
$1,326
per month
The overall cost of living index in Monroe is 94.5, which is 5.5% below the national average. Housing costs are below the national average at an index of 95.0. A single adult needs to earn approximately $41,590 per year to cover basic expenses.