Monroe, NY Cost Of Living
Cost Of Living In Monroe, NY Summary
Cost of living in Monroe research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Monroe is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Monroe is 133, with 100 being the average.
The cost of living index in Monroe is 1.3x higher than the national average.
Monroe ranks as the #158 cheapest in New York out of 340.
Monroe ranks as the #5,359 cheapest out of 6,412 in the US.
The median home value in Monroe is $336,800.
The median income in Monroe is $107,944.
Table Of Contents
Monroe's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Monroe, NY?
According to the most recent data on the cost of living, Monroe has an overall cost of living index of 133, which is 1.3x higher than the national index of 100.
Compared to New York, Monroe has a cost of living index that's 1.1x higher than New York's index of 126.
The standard of living in Monroe ranks as #158 most affordable out of the 340 places we measured in New York. By definition, that implies Monroe ranks as the #182 most expensive place in the Empire State.
For more reading on life in Monroe, check out:
- Living In Monroe
- Monroe Crime Report
- Search Homes For Sale In Monroe, NY
In New York
In America
Monroe Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Monroe. Here is how it fairs on each of the criteria:
The Services index in Monroe is 123.
The Groceries index in Monroe is 108.
The Health index in Monroe is 115.
The Housing index in Monroe is 164.
The Transportation index in Monroe is 114.
The Utilities index in Monroe is 130.
| Living Expense | Monroe | New York | National Average | |
|---|---|---|---|---|
| Overall | 133 | 126 | 100 | |
| Services | 123 | 110 | 100 | |
| Groceries | 108 | 104 | 100 | |
| Health | 115 | 105 | 100 | |
| Housing | 164 | 175 | 100 | |
| Transportation | 114 | 107 | 100 | |
| Utilities | 130 | 102 | 100 | |
Monroe, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Monroe is $336,800.
The Median Rent in Monroe is $1,670.
The Median Income in Monroe is $107,944.
The Home Value To Income in Monroe is 3.1x.
The Rent To Monthly Income in Monroe is 0.19x.
| Statistic | Monroe | New York | United States |
|---|---|---|---|
| Median Home Value | $336,800 | $340,600 | $244,900 |
| Median Rent | $1,670 | $1,390 | $1,163 |
| Median Income | $107,944 | $75,157 | $69,021 |
| Home Value To Income | 3.1x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Monroe, NY Costs By Category
Detailed Monroe Services Costs Vs. New York
Detailed Monroe Groceries Costs Vs. New York
Detailed Monroe Health Costs Vs. New York
Detailed Monroe Transportation Costs Vs. New York
Detailed Monroe Utilities Costs Vs. New York
Monroe SnackAbility
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Cost Of Living In Cities Around Monroe
The cost of living varies in the cities and towns around Monroe. Here's a quick look at the cost of living in the most populous nearby places:
Kiryas Joel, NY has a cost of living index of 134, 1.0x Monroe.
Jefferson Valley-Yorktown, NY has a cost of living index of 146, 1.1x Monroe.
Stony Point, NY has a cost of living index of 137, 1.0x Monroe.
| City | Population | Cost Of Living | Vs. Monroe |
|---|---|---|---|
| Kiryas Joel, NY | 32,498 | 134 | 1.0x |
| Jefferson Valley-Yorktown, NY | 14,168 | 146 | 1.1x |
| Stony Point, NY | 12,389 | 137 | 1.0x |
| Suffern, NY | 11,376 | 127 | 1.0x |
| Chestnut Ridge, NY | 10,211 | 140 | 1.1x |
| Woodbury, NY | 9,111 | 131 | 1.0x |
| Valley Cottage, NY | 8,749 | 145 | 1.1x |
| Hillcrest, NY | 8,667 | 143 | 1.1x |
| Congers, NY | 7,926 | 151 | 1.1x |
| Wesley Hills, NY | 6,105 | 166 | 1.2x |
