Cost of Living in Monroe County, TN

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

Median Income

$52,123

Median Rent

$668/mo

Median Home

$174,800

Affordability

430

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$884
Property Tax$68
Insurance$58

Total Monthly$1,010
% of Income23.3%

Renting

Median Rent$668
Renter's Insurance$25

Total Monthly$693
% of Income15.4%

Living in Monroe County, Tennessee

Monroe County has a median household income of $52,123 with housing costs that represent 23.3% of income for owners and 15.4% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 430 (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 Tennessee

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.