Cost of Living in Monroe County, MI

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

Median Income

$72,573

Median Rent

$996/mo

Median Home

$202,200

Affordability

470

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,022
Property Tax$199
Insurance$67

Total Monthly$1,288
% of Income21.3%

Renting

Median Rent$996
Renter's Insurance$25

Total Monthly$1,021
% of Income16.5%

Living in Monroe County, Michigan

Monroe County has a median household income of $72,573 with housing costs that represent 21.3% of income for owners and 16.5% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 470 (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 Michigan

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.