Housing costs in Monroe?
A typical home costs
$199,700, which is 40.9% less expensive than the national average of
$338,100 and 2.5% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Monroe costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 16.3% cheaper than the state average of
$930.
Can I afford Monroe?
To live comfortably in Monroe (zip 50170), Iowa, a minimum annual income of
$38,160 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in 50170 Monroe, IA is relatively low compared to other locations in the United States. According to the Living Cost Index, the cost of living index for Monroe is 87.3, which is 13.7% lower than the U.S. average. This means that goods and services are typically more affordable than elsewhere in the country. Housing expenses in particular tend to be cheaper than average, with median house prices at $111,700 as of 2020 and rental costs at an average of $557/month for a two-bedroom apartment. Overall, residents of 50170 Monroe benefit from a lower cost of living than most other places in America.