According to the most recent data on the cost of living, Monroe has an overall cost of living index of 84 which is 0.8x lower than the national index of 100.
Compared to only Louisiana, Monroe has a cost of living index that's 0.9x lower than Louisiana's index of 91.
The standard of living in Monroe ranks as #629 most affordable out of the 6,418 places we measured in Louisiana. By definition, that implies Monroe ranks as the #5,789 most expensive place in the Pelican State.
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Housing swings affordability the most between places in Louisiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.