salaryRent is higher than in 53% of U.S. cities. A typical house costs about 4.5 years of household income. Commutes are short, about 19.5 minutes. It is a highly educated city: 58.3% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $68,640 a year. That is $33 an hour at a full-time job.
Is rent cheaper than other Wisconsin cities?
No. Rent here is more expensive than in most of Wisconsin. It is number 121 of 156 cities from cheapest to most expensive.
How much do households earn in Monona?
Share of households by yearly income. 35.7% of households earn $100,000 or more.
Rent by apartment size in Monona
| Size | Monona | U.S. average |
|---|---|---|
| Studio | $1,731 | $1,338 |
| 1 bedroom | $1,090 | $1,324 |
| 2 bedrooms | $1,550 | $1,509 |
| 3 bedrooms | $2,425 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Monona overall?
Everyday prices in Wisconsin overall are 6% below the U.S. average (index 94.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Monona, so the Wisconsin figure is shown.
Taxes and bills in Monona
Life in Monona
Is it cheaper to rent or buy in Monona?
Renting is cheaper right now: about $1,253 a month less.
Owning assumes a typical $427,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $42,790 for the down payment.
Frequently asked questions
What is the average rent in Monona, WI?
Renting in Monona costs a median of about $1,716 a month in 2026, including utilities. The Wisconsin median is $1,305.
How much do I need to make to live in Monona?
To keep rent under 30% of income, you need about $68,640 a year, or $33 an hour at a full-time job.
Is Monona cheap or expensive?
Monona is rated OK: rent takes 21.8% of the typical household income of $94,663. It ranks 121st cheapest of 156 Wisconsin cities we track.
How much are property taxes in Monona?
The median homeowner in Monona pays $7,359 a year in property taxes, about 1.72% of the median home value.
Is Monona more expensive than the national average?
Overall prices in Wisconsin are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Monona?
The median home value in Monona is $427,900, about 4.5 times the typical yearly household income.
8,527 people live in Monona. Numbers are typical (middle) values.