Monroe, WA Cost Of Living
Cost Of Living In Monroe, WA Summary
Cost of living in 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 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 Washington, 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 Monroe is 140, with 100 being the average.
The cost of living index in Monroe is 1.4x higher than the national average.
Monroe ranks as the #132 cheapest in Washington out of 192.
Monroe ranks as the #5,404 cheapest out of 6,489 in the US.
The median home value in Monroe is $717,358.
The median income in Monroe is $107,556.
Table Of Contents
Monroe's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Monroe, WA?
According to the most recent data on the cost of living, Monroe has an overall cost of living index of 140, which is 1.4x higher than the national index of 100.
Compared to Washington, Monroe has a cost of living index that's 1.2x higher than Washington's index of 118.
The standard of living in Monroe ranks as #132 most affordable out of the 192 places we measured in Washington. By definition, that implies Monroe ranks as the #60 most expensive place in the Evergreen State.
For more reading on life in Monroe, check out:
In Washington
In America
Monroe Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Monroe. Here is how it fairs on each of the criteria:
The Services index in Monroe is 120.
The Groceries index in Monroe is 111.
The Health index in Monroe is 119.
The Housing index in Monroe is 199.
The Transportation index in Monroe is 124.
The Utilities index in Monroe is 95.
| Living Expense | Monroe | Washington | National Average | |
|---|---|---|---|---|
| Overall | 140 | 118 | 100 | |
| Services | 120 | 111 | 100 | |
| Groceries | 111 | 112 | 100 | |
| Health | 119 | 122 | 100 | |
| Housing | 199 | 135 | 100 | |
| Transportation | 124 | 124 | 100 | |
| Utilities | 95 | 91 | 100 | |
Monroe, WA Housing Cost Breakdown
Housing swings affordability the most between places in Washington, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Monroe is $717,358.
The Median Rent in Monroe is $1,902.
The Median Income in Monroe is $107,556.
The Home Value To Income in Monroe is 6.7x.
The Rent To Monthly Income in Monroe is 0.21x.
| Statistic | Monroe | Washington | United States |
|---|---|---|---|
| Median Home Value | $717,358 | $595,737 | $303,400 |
| Median Rent | $1,902 | $1,682 | $1,348 |
| Median Income | $107,556 | $94,952 | $78,538 |
| Home Value To Income | 6.7x | 6.3x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Monroe, WA Costs By Category
Detailed Monroe Services Costs Vs. Washington
| Item | Monroe | Washington |
|---|---|---|
| Shampoo | $1.21 | $1.28 |
| Movie | $12.43 | $12.13 |
| Bowling | $18.08 | $18 |
| Haircut | $31.33 | $24.26 |
| Beauty Salon | $49.67 | $45.56 |
Detailed Monroe Groceries Costs Vs. Washington
| Item | Monroe | Washington |
|---|---|---|
| Ground Beef | $6.18 | $5.84 |
| Fried Chicken | $2.23 | $1.57 |
| Milk | $4.87 | $4.67 |
| Potatoes | $4.43 | $4.93 |
| Pizza | $13.35 | $12.09 |
| Beer | $11.13 | $10.41 |
| Toothpaste | $3.89 | $3.7 |
Detailed Monroe Health Costs Vs. Washington
| Item | Monroe | Washington |
|---|---|---|
| Optometrist | $132.73 | $125.68 |
| Doctor | $183.4 | $135.78 |
| Dentist | $146.29 | $113.29 |
Detailed Monroe Transportation Costs Vs. Washington
| Item | Monroe | Washington |
|---|---|---|
| Gasoline | $4.14 | $3.46 |
| Tire Balancing | $65.57 | $59.92 |
Detailed Monroe Utilities Costs Vs. Washington
| Item | Monroe | Washington |
|---|---|---|
| All Electricity | $163.64 | $193.99 |
| Phone | $200.1 | $192.25 |
Monroe SnackAbility
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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:
Everett, WA has a cost of living index of 136, 1.0x Monroe.
Marysville, WA has a cost of living index of 135, 1.0x Monroe.
Lynnwood, WA has a cost of living index of 143, 1.0x Monroe.
| City | Population | Cost Of Living | Vs. Monroe |
|---|---|---|---|
| Everett, WA | 111,083 | 136 | 1.0x |
| Marysville, WA | 71,570 | 135 | 1.0x |
| Lynnwood, WA | 40,953 | 143 | 1.0x |
| Lake Stevens, WA | 39,500 | 140 | 1.0x |
| North Lynnwood, WA | 23,653 | 143 | 1.0x |
| Martha Lake, WA | 22,740 | 153 | 1.1x |
| Silver Firs, WA | 21,796 | 157 | 1.1x |
| Lake Stickney, WA | 15,514 | 144 | 1.0x |
| Woodinville, WA | 13,440 | 181 | 1.3x |
| Maltby, WA | 10,859 | 174 | 1.2x |
