salaryRent is lower than in 63% of U.S. cities. A typical house costs about 5.4 years of household income. Commutes are long, about 32.1 minutes each way. Most households rent (58%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $56,760 a year. That is $27 an hour at a full-time job.
Is rent cheaper than other Georgia cities?
Yes. Rent here is cheaper than in most of Georgia. It is number 59 of 168 cities from cheapest to most expensive.
How much do households earn in Monroe?
Share of households by yearly income. 13.6% of households earn $100,000 or more.
Rent by apartment size in Monroe
| Size | Monroe | U.S. average |
|---|---|---|
| Studio | $895 | $1,338 |
| 1 bedroom | $542 | $1,324 |
| 2 bedrooms | $1,155 | $1,509 |
| 3 bedrooms | $1,267 | $1,698 |
| 4 bedrooms | $1,823 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Monroe overall?
Everyday prices in Georgia overall are 4% below the U.S. average (index 96.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Monroe, so the Georgia figure is shown.
Taxes and bills in Monroe
Life in Monroe
Is it cheaper to rent or buy in Monroe?
Renting is cheaper right now: about $380 a month less.
Owning assumes a typical $259,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,930 for the down payment.
Frequently asked questions
What is the average rent in Monroe, GA?
Renting in Monroe costs a median of about $1,419 a month in 2026, including utilities. The Georgia median is $1,667.
How much do I need to make to live in Monroe?
To keep rent under 30% of income, you need about $56,760 a year, or $27 an hour at a full-time job.
Is Monroe cheap or expensive?
Monroe is rated Expensive: rent takes 35.4% of the typical household income of $48,161. It ranks 59th cheapest of 168 Georgia cities we track.
How much are property taxes in Monroe?
The median homeowner in Monroe pays $2,282 a year in property taxes, about 0.88% of the median home value.
Is Monroe more expensive than the national average?
Overall prices in Georgia are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Monroe?
The median home value in Monroe is $259,300, about 5.4 times the typical yearly household income.
15,648 people live in Monroe. Numbers are typical (middle) values.