Cost of Living in Monroe, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
63.9
100 = national avg
-36.1 vs national average
Living Wage (1 Adult)
$28,103
per year
Living Wage (Family of 4)
$66,426
per year
Cost Index by Category
Housing54.5
Food78.3
Transportation56.6
Healthcare82.6
Utilities77.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$986
per month
2 Bedroom
$1,156
per month
The overall cost of living index in Monroe is 63.9, which is 36.1% below the national average. Housing costs are below the national average at an index of 54.5. A single adult needs to earn approximately $28,103 per year to cover basic expenses.