Cost of Living in Monroe, NY

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F
31%
Overall NAT. AVG.
6%
Groceries NAT. AVG.
81%
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 New York National
Cost of living131121100
Groceries106106100
Health care111110100
Housing181144100
Transportation111113100
Utilities111112100
Lifestyle & Entertainment108111100
Household Items107106100
Education & Childcare112118100
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Homes For Sale In Monroe, NY

property for sale

7 Deangelis Dr

Monroe, NY
property for sale

22 Archer Dr

Monroe, NY
property for sale

155 Pine Tree Rd

Monroe, NY
property for sale

Walton Ter

Monroe, NY

Cost Of Living Quick Facts

  • The cost of living in Monroe is 9% higher than the New York average
  • The cost of living in Monroe is 31% higher than the national average
  • Monroe housing is 81% higher than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Monroe

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Compare Monroe, NY Cost of Living

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      Utilities index
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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$176,214$14,685$4,111$5,287
      Renters$74,460$6,205$1,737$2,234
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Monroe, NY, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Monroe, homeowners have a median income of $176,214. Using that number, a maximum of $4,111 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $74,460, which means there is a maximum of $1,737 to be spent on the costs of renting a home or apartment.

      New York Sales Tax

      State General Sales Tax With Max Surtax
      New York 4% 8.875%

      New York Income Tax

      State Income Tax (Low) Income Tax (High)
      New York 4% 10.9%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Newburgh, NY28,8111065.5%
      Maybrook, NY3,7071076.5%
      Middletown, NY29,09211110.8%
      Mountain Lodge Park, NY2,90211110.8%
      Chester, NY4,14411212.1%
      Monroe, NY8,80413130.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sallisaw, OK8,8038416.5%
      Paris, IL8,8068317.2%
      Woodmoor, CO8,80715050.1%
      Lake of the Woods, VA8,80012019.8%
      Perryton, TX8,8088911.2%
      Monroe, NY8,80413130.8%
      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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