Cost of Living in Monroe County, IN

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

Median Income

$60,308

Median Rent

$1,105/mo

Median Home

$240,600

Affordability

351

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,217
Property Tax$134
Insurance$80

Total Monthly$1,431
% of Income28.5%

Renting

Median Rent$1,105
Renter's Insurance$25

Total Monthly$1,130
% of Income22%

Living in Monroe County, Indiana

Monroe County has a median household income of $60,308 with housing costs that represent 28.5% of income for owners and 22% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 351 (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 Indiana

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.