Cost of Living in South Monroe, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.9
100 = national avg
-4.1 vs national average
Living Wage (1 Adult)
$42,186
per year
Living Wage (Family of 4)
$99,711
per year
Cost Index by Category
Housing99.4
Food95.6
Transportation91.2
Healthcare96.5
Utilities97.2
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 South Monroe is 95.9, which is 4.1% below the national average. Housing costs are below the national average at an index of 99.4. A single adult needs to earn approximately $42,186 per year to cover basic expenses.