What is the cost of living in Monroe, MI?
According to the most recent data on the cost of living, Monroe has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Michigan, Monroe has a cost of living index that's 1.0x lower than Michigan's index of 91.
The standard of living in Monroe ranks as #56 most affordable out of the 179 places we measured in Michigan. By definition, that implies Monroe ranks as the #123 most expensive place in the Wolverine State.
For more reading on life in Monroe, check out:
Monroe Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Monroe. Here is how it fares on each of the criteria:
The Services index in Monroe is 99.
The Groceries index in Monroe is 95.
The Health index in Monroe is 75.
The Housing index in Monroe is 90.
The Transportation index in Monroe is 94.
The Utilities index in Monroe is 91.
| Living Expense | Monroe | Michigan | National Average |
|---|---|---|---|
| Overall | 88 | 91 | 100 |
| Services | 99 | 97 | 100 |
| Groceries | 95 | 98 | 100 |
| Health | 75 | 75 | 100 |
| Housing | 90 | 98 | 100 |
| Transportation | 94 | 101 | 100 |
| Utilities | 91 | 98 | 100 |
Monroe Cost Of Living Compared To Michigan Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Michigan, check out:
Protect your home budget Compare home warranties in Monroe Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Monroe, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Monroe is $214,282.
The Median Rent in Monroe is $909.
The Median Income in Monroe is $59,813.
The Home Value To Income in Monroe is 3.6x.
The Rent To Monthly Income in Monroe is 0.18x.
Monroe, MI Costs By Category
Detailed Monroe Services costs vs. Michigan
Detailed Monroe Groceries costs vs. Michigan
Detailed Monroe Health costs vs. Michigan
Detailed Monroe Transportation costs vs. Michigan
Monroe SnackAbility
Cost Of Living In Cities Around Monroe
The cost of living varies in the cities and towns around Monroe. Here's a quick look at the cost of living in the most populous nearby places:
Oregon, OH has a cost of living index of 89, 1.0x Monroe.
Trenton, MI has a cost of living index of 96, 1.1x Monroe.
Woodhaven, MI has a cost of living index of 98, 1.1x Monroe.
| City | Population | Cost Of Living | Vs. Monroe |
|---|---|---|---|
| Oregon, OH | 19,799 | 89 | 1.0x |
| Trenton, MI | 18,125 | 96 | 1.1x |
| Woodhaven, MI | 12,690 | 98 | 1.1x |
| Flat Rock, MI | 10,340 | 93 | 1.1x |
| Lambertville, MI | 9,955 | 97 | 1.1x |
| Temperance, MI | 8,914 | 93 | 1.1x |
| South Monroe, MI | 6,960 | 89 | 1.0x |
| Milan, MI | 5,987 | 97 | 1.1x |
