Cost of Living in Monroe County, AL

What does it cost to live in Monroe County? Income, housing, and affordability breakdown.

Median Income

$39,965

Median Rent

$692/mo

Median Home

$109,300

Affordability

540

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$553
Property Tax$28
Insurance$36

Total Monthly$617
% of Income18.5%

Renting

Median Rent$692
Renter's Insurance$25

Total Monthly$717
% of Income20.8%

Living in Monroe County, Alabama

Monroe County has a median household income of $39,965 with housing costs that represent 18.5% of income for owners and 20.8% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 540 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Alabama

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.