salaryRent here is among the highest 10% in the country. A typical house costs about 3.6 years of household income. Commutes are long, about 32.3 minutes each way. Most homes (81%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $125,040 a year. That is $60 an hour at a full-time job.
Is rent cheaper than other New York cities?
No. Rent here is more expensive than in most of New York. It is number 288 of 343 cities from cheapest to most expensive.
How much do households earn in Monroe?
Share of households by yearly income. 41.8% of households earn $100,000 or more.
Rent by apartment size in Monroe
| Size | Monroe | U.S. average |
|---|---|---|
| 1 bedroom | $1,200 | $1,324 |
| 2 bedrooms | $2,523 | $1,509 |
| 3 bedrooms | $2,452 | $1,698 |
| 4 bedrooms | $3,529 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Monroe overall?
Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Monroe, so the New York figure is shown.
Taxes and bills in Monroe
Life in Monroe
Is it cheaper to rent or buy in Monroe?
Buying is cheaper month to month: about $158 a month less than renting.
Owning assumes a typical $427,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $42,780 for the down payment.
Frequently asked questions
What is the average rent in Monroe, NY?
Renting in Monroe costs a median of about $3,126 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Monroe?
To keep rent under 30% of income, you need about $125,040 a year, or $60 an hour at a full-time job.
Is Monroe cheap or expensive?
Monroe is rated Expensive: rent takes 31.7% of the typical household income of $118,474. It ranks 288th cheapest of 343 New York cities we track.
How much are property taxes in Monroe?
The median homeowner in Monroe pays $10,000+ a year in property taxes, about 2.34% of the median home value.
Is Monroe more expensive than the national average?
Overall prices in New York are 8% above 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 $427,800, about 3.6 times the typical yearly household income.
9,515 people live in Monroe. Numbers are typical (middle) values.