salaryRent is higher than in 53% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (80.9%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $68,960 a year. That is $33 an hour at a full-time job.
Is rent cheaper than other Ohio cities?
No. Rent here is more expensive than in most of Ohio. It is number 238 of 288 cities from cheapest to most expensive.
How much do households earn in Monroe?
Share of households by yearly income. 38.9% of households earn $100,000 or more.
Rent by apartment size in Monroe
| Size | Monroe | U.S. average |
|---|---|---|
| 1 bedroom | $2,298 | $1,324 |
| 2 bedrooms | $1,592 | $1,509 |
| 3 bedrooms | $1,887 | $1,698 |
| 4 bedrooms | $2,005 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Monroe overall?
Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Monroe, so the Ohio 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 $235 a month less.
Owning assumes a typical $282,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $28,240 for the down payment.
Frequently asked questions
What is the average rent in Monroe, OH?
Renting in Monroe costs a median of about $1,724 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in Monroe?
To keep rent under 30% of income, you need about $68,960 a year, or $33 an hour at a full-time job.
Is Monroe cheap or expensive?
Monroe is rated Cheap: rent takes 18.2% of the typical household income of $113,512. It ranks 238th cheapest of 288 Ohio cities we track.
How much are property taxes in Monroe?
The median homeowner in Monroe pays $3,592 a year in property taxes, about 1.27% of the median home value.
Is Monroe more expensive than the national average?
Overall prices in Ohio are 7% 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 $282,400, about 2.5 times the typical yearly household income.
15,401 people live in Monroe. Numbers are typical (middle) values.