Cost of Living in Monon, IN

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18%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
51%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Monon Indiana National
Cost of living8289100
Groceries9697100
Health care9797100
Housing4972100
Transportation9696100
Utilities9596100
Lifestyle & Entertainment9895100
Household Items9698100
Education & Childcare9394100
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Homes For Sale In Monon, IN

property for sale

10505 N Meridian Rd

Monon, IN
property for sale

508 W Shields Ave

Monon, IN
property for sale

5889 N Stahl Rd

Monon, IN
property for sale

3102 E McKinley Dr

Monon, IN

Cost Of Living Quick Facts

  • The cost of living in Monon is 8% lower than the Indiana average
  • The cost of living in Monon is 18% lower than the national average
  • Monon housing is 51% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Monon

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$74,143$6,179$1,730$2,225
      Renters$59,298$4,942$1,384$1,779

      Indiana Sales Tax

      State General Sales Tax With Max Surtax
      Indiana 7% 7%

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.15% 3.15%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Collegeville, IN547964.2%
      Medaryville, IN7278020.0%
      Idaville, IN3148217.8%
      Francesville, IN8848316.8%
      Winamac, IN2,7368316.6%
      Monon, IN1,6848218.2%

      Cities with similar population

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      Crossville, AL1,6848415.6%
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      Sturgeon Lake 154, AB1,684n/a 
      Canyon Day, AZ1,6858415.9%
      Topaz Ranch Estates, NV1,6831043.7%
      Monon, IN1,6848218.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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