South Monroe, MI Cost Of Living
Cost Of Living In South Monroe, MI Summary
Cost of living in South Monroe research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means South Monroe is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in South Monroe is 89, with 100 being the average.
The cost of living index in South Monroe is 0.9x lower than the national average.
South Monroe ranks as the #73 cheapest in Michigan out of 175.
South Monroe ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in South Monroe is $153,300.
The median income in South Monroe is $48,446.
Table Of Contents
South Monroe's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in South Monroe, MI?
According to the most recent data on the cost of living, South Monroe has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Michigan, South Monroe has a cost of living index that's 1.0x lower than Michigan's index of 92.
The standard of living in South Monroe ranks as #73 most affordable out of the 175 places we measured in Michigan. By definition, that implies South Monroe ranks as the #102 most expensive place in the Wolverine State.
For more reading on life in South Monroe, check out:
- Living In South Monroe
- Search Homes For Sale In South Monroe, MI
In Michigan
In America
South Monroe Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in South Monroe. Here is how it fairs on each of the criteria:
The Services index in South Monroe is 107.
The Groceries index in South Monroe is 100.
The Health index in South Monroe is 97.
The Housing index in South Monroe is 58.
The Transportation index in South Monroe is 107.
The Utilities index in South Monroe is 97.
| Living Expense | South Monroe | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 89 | 92 | 100 | |
| Services | 107 | 96 | 100 | |
| Groceries | 100 | 96 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 58 | 80 | 100 | |
| Transportation | 107 | 97 | 100 | |
| Utilities | 97 | 100 | 100 | |
South 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 2017-2021. The key points are:
The Median Home Value in South Monroe is $153,300.
The Median Rent in South Monroe is $825.
The Median Income in South Monroe is $48,446.
The Home Value To Income in South Monroe is 3.2x.
The Rent To Monthly Income in South Monroe is 0.2x.
| Statistic | South Monroe | Michigan | United States |
|---|---|---|---|
| Median Home Value | $153,300 | $172,100 | $244,900 |
| Median Rent | $825 | $946 | $1,163 |
| Median Income | $48,446 | $63,202 | $69,021 |
| Home Value To Income | 3.2x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
South Monroe, MI Costs By Category
Detailed South Monroe Services Costs Vs. Michigan
| Item | South Monroe | Michigan |
|---|---|---|
| Shampoo | $0.94 | $1.06 |
| Movie | $11.26 | $10.68 |
| Bowling | $19.8 | $14.67 |
| Haircut | $18.95 | $18.62 |
| Beauty Salon | $54.27 | $39.05 |
Detailed South Monroe Groceries Costs Vs. Michigan
| Item | South Monroe | Michigan |
|---|---|---|
| Ground Beef | $4.55 | $4.22 |
| Fried Chicken | $1.13 | $1.39 |
| Milk | $1.44 | $2.05 |
| Potatoes | $4.18 | $3.29 |
| Pizza | $10.82 | $10.62 |
| Beer | $8.42 | $9.38 |
| Toothpaste | $2.43 | $2.34 |
Detailed South Monroe Health Costs Vs. Michigan
| Item | South Monroe | Michigan |
|---|---|---|
| Optometrist | $81.52 | $108.57 |
| Doctor | $104.59 | $116.17 |
| Dentist | $99.57 | $99.13 |
Detailed South Monroe Transportation Costs Vs. Michigan
| Item | South Monroe | Michigan |
|---|---|---|
| Gasoline | $2.25 | $2.22 |
| Tire Balancing | $58.95 | $50.07 |
Detailed South Monroe Utilities Costs Vs. Michigan
| Item | South Monroe | Michigan |
|---|---|---|
| All Electricity | $159.51 | $167.67 |
| Phone | $178.81 | $175.64 |
South Monroe SnackAbility
/10
Cost Of Living In Cities Around South Monroe
The cost of living varies in the cities and towns around South Monroe. Here's a quick look at the cost of living in the most populous nearby places:
Toledo, OH has a cost of living index of 85, 1.0x South Monroe.
Monroe, MI has a cost of living index of 90, 1.0x South Monroe.
Oregon, OH has a cost of living index of 90, 1.0x South Monroe.
| City | Population | Cost Of Living | Vs. South Monroe |
|---|---|---|---|
| Toledo, OH | 271,454 | 85 | 1.0x |
| Monroe, MI | 20,344 | 90 | 1.0x |
| Oregon, OH | 19,935 | 90 | 1.0x |
| Sylvania, OH | 18,991 | 92 | 1.0x |
| Woodhaven, MI | 12,889 | 96 | 1.1x |
| Flat Rock, MI | 10,439 | 94 | 1.1x |
| Lambertville, MI | 10,049 | 94 | 1.1x |
| Temperance, MI | 8,866 | 97 | 1.1x |
| Milan, MI | 6,156 | 97 | 1.1x |
| Northwood, OH | 5,195 | 90 | 1.0x |
