Monroe cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexMonroeOhioNational
Cost of living index10191100
IndexMonroeOhioNational
Goods & Services index11499100
Groceries index98101100
Health care index8695100
Housing index9375100
Transportation index110101100
Utilities index8791100
A general summary of the cost of living index in Monroe, OH is shown above. Compared to the state average of Ohio the cost of living index in Monroe, OH is 101, which is 11% higher than the average in Ohio and compared to the national average it is 1% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Monroe, OH goods and services come in at 15% higher than the average in Ohio and are 14% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Monroe is 11% higher than the Ohio average.
  • The cost of living in Monroe is 1% higher than the national average.
  • The cost of housing in Monroe is 7% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 76% lower than the national average.

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Compare Monroe, OH Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Monroe, OH to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Monroe, OH, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Monroe, OH salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$81,506$6,792$1,902$2,445
Renters$35,927$2,994$838$1,078
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Monroe, OH as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Monroe, OH homeowners, is $81,506. This would allow for a maximum of $1,902 per month to be spent on housing costs. For renters, the median monthly income is $35,927 which would result in a maximum of $838 to be spent on rental costs.

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax
Ohio5.75%8%

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
Ohio0.528%5.333%
When you are determining the total cost of living in Monroe, OH you will want to make sure you consider both the Ohio sales tax and the Ohio income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Ohio is 5.75%, with the highest surtax being 8%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Ohio have a range from 0.528% to 5.333%.

Goods & Services

ItemMonroeNational avg.Difference
Haircut $24.17$15.5655.3%
Beauty Salon $33.61$36.116.9%
Toothpaste $3.07$2.4724.0%
Shampoo $0.75$0.9621.9%
Movie $12.05$10.1319.0%
Bowling $7.57$4.7459.8%

Groceries

ItemMonroeNational avg.Difference
Ground Beef $4.39$3.9810.3%
Fried Chicken $2.09$1.4148.3%
Milk $1.72$2.0616.5%
Potatoes $3.05$2.982.4%
Pizza $9.16$9.473.3%
Beer $7.91$8.7910.1%

Health Care

ItemMonroeNational avg.Difference
Optometrist $100.11$101.040.9%
Doctor $78.33$107.4427.1%
Dentist $76.44$90.4215.5%
Ibuprofen $9.28$9.280.0%
Lipitor $404.51$426.505.2%

Housing

ItemMonroeNational avg.Difference
Home Price $159,400.00$175,700.009.3%
Avg. Mortgage Payment $760.81$1,133.2332.9%
Apartment Rent $893.00$920.002.9%

Transportation

ItemMonroeNational avg.Difference
Gasoline $1.99$1.990.3%
Tire Balancing $60.61$45.7632.5%

Utilities

ItemMonroeNational avg.Difference
All Electricity$120.43$163.8126.5%
Phone $29.96$28.395.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Brecon, OH25670-30%
Centerville, OH12783-17%
Jacksonburg, OH6788-12%
Lincoln Heights, OH3,34883-17%
Camden, OH2,26475-25%
Monroe, OH13,6331011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Princeton Meadows, NJ13,63113232%
Wixom, MI13,64097-3%
La Grange Park, IL13,62412424%
Hockessin, DE13,62014040%
Oatfield, OR13,61812020%
Monroe, OH13,6331011%
Source: The Monroe, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.