Monon, Indiana Cost Of Living

A+

18%

Overall NAT. AVG.

4%

Goods & Services NAT. AVG.

53%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Monon	Indiana	National
Cost of living	82	86	100
Goods & Services	97	96	100
Groceries	93	94	100
Health care	92	96	100
Housing	47	68	100
Transportation	106	99	100
Utilities	100	99	100

New Real Estate Listings in Monon Area

For Sale For Rent

Search

Search Homes for Sale in Monon, IN

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Monon is 5% lower than the Indiana average
The cost of living in Monon is 18% lower than the national average
Monon housing is 53% lower than the national average
Indiana general sales tax is 37% higher than the national average
Indiana state income tax is 43% higher than the national average

Most Affordable Places to Live in and Around Monon

See all the best places to live around Monon

Compare Monon, IN Cost of Living

Write a review to give others more information about this area.

See all Monon poll results

The best places in Indiana

Here are the best places to live in Indiana

See the best places to live in & around Monon

10 Best cities in Indiana for employment

10 best cities to buy a new house in Indiana

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$50,219	$4,185	$1,172	$1,507
Renters	$39,519	$3,293	$922	$1,186

Indiana Sales Tax

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

Indiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Indiana	3.23%	3.23%

Goods & Services

Item	Monon	National avg.	Difference
Haircut	$17.89	$20.27	11.8%
Beauty Salon	$33.82	$40.39	16.3%
Toothpaste	$2.56	$2.36	8.5%
Shampoo	$1.05	$1.08	2.1%
Movie	$9.17	$10.99	16.6%
Bowling	$16.39	$15.49	5.8%

Groceries

Item	Monon	National avg.	Difference
Ground Beef	$4.54	$4.30	5.6%
Fried Chicken	$1.02	$1.40	26.9%
Milk	$2.40	$2.20	9.1%
Potatoes	$3.50	$3.22	8.6%
Pizza	$10.66	$10.74	0.8%
Beer	$8.70	$9.60	9.4%

Health Care

Item	Monon	National avg.	Difference
Optometrist	$112.60	$109.73	2.6%
Doctor	$90.95	$118.34	23.1%
Dentist	$90.64	$100.94	10.2%
Ibuprofen	$9.72	$9.93	2.1%
Lipitor	$501.94	$469.53	6.9%

Housing

Item	Monon	National avg.	Difference
Home Price	$71,800.00	$229,800.00	68.8%
Avg. Mortgage Payment	$954.30	$1,229.62	22.4%
Apartment Rent	$675.00	$1,096.00	38.4%

Transportation

Item	Monon	National avg.	Difference
Gasoline	$2.84	$2.71	4.6%
Tire Balancing	$56.36	$51.86	8.7%

Utilities

Item	Monon	National avg.	Difference
All Electricity	$169.41	$170.84	0.8%
Phone	$187.64	$187.18	0.2%

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	Population	Cost of Living Index	National Avg.
Collegeville, IN	536	97	2.6%
Norway, IN	147	76	24.4%
Medaryville, IN	712	82	17.8%
Winamac, IN	2,634	80	19.7%
Reynolds, IN	506	84	16.1%
Monon, IN	1,650	82	17.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Las Animas, CO	1,909	81	19.2%
Benton, LA	1,909	84	15.7%
Seymour, MO	1,909	81	18.6%
Warren, OR	1,909	123	23.3%
Huntington, UT	1,909	88	11.9%
Monon, IN	1,909	82	17.8%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.