Cost of Living in Monroe, IN

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12%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
32%
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 Monroe Indiana National
Cost of living8889100
Groceries9897100
Health care9597100
Housing6872100
Transportation10096100
Utilities9596100
Lifestyle & Entertainment9595100
Household Items10098100
Education & Childcare9594100
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Homes For Sale In Monroe, IN

property for sale

410 W Washington St

Monroe, IN
property for sale

2061 S Salem Rd

Monroe, IN
property for sale

265 N Van Buren St

Monroe, IN
property for sale

102 S Van Buren St

Monroe, IN

Cost Of Living Quick Facts

  • The cost of living in Monroe is 1% lower than the Indiana average
  • The cost of living in Monroe is 12% lower than the national average
  • Monroe housing is 32% 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 Monroe

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Compare Monroe, IN Cost of Living

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      Utilities index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$104,082$8,674$2,428$3,123
      Renters$46,161$3,847$1,077$1,385

      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.
      Bryant, IN2187327.0%
      Wren, OH1918020.4%
      Willshire, OH3568118.6%
      Poneto, IN1868218.3%
      Vera Cruz, IN698317.3%
      Monroe, IN8848811.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Happy Camp, CA884991.1%
      Francesville, IN8848316.8%
      North Haven, NY884276175.8%
      Mount Jewett, PA8848317.2%
      Valders, WI8848811.5%
      Monroe, IN8848811.6%
      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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