Cost of Living in Monroe County, FL

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

Median Income

$80,111

Median Rent

$1,919/mo

Median Home

$696,900

Affordability

164

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$3,524
Property Tax$314
Insurance$232

Total Monthly$4,070
% of Income61%

Renting

Median Rent$1,919
Renter's Insurance$25

Total Monthly$1,944
% of Income28.7%

Living in Monroe County, Florida

Monroe County has a median household income of $80,111 with housing costs that represent 61% of income for owners and 28.7% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 164 (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 Florida

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.