Cost of Living in Monroe, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
112.8
100 = national avg
+12.8 vs national average
Living Wage (1 Adult)
$49,612
per year
Living Wage (Family of 4)
$117,264
per year
Cost Index by Category
Housing131.1
Food101.4
Transportation102.8
Healthcare101.1
Utilities107.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,538
per month
2 Bedroom
$1,686
per month
The overall cost of living index in Monroe is 112.8, which is 12.8% above the national average. Housing costs are above the national average at an index of 131.1. A single adult needs to earn approximately $49,612 per year to cover basic expenses.