States › Michigan › South Monroe

Is South Monroe, MI expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,29526% lower than U.S. average
💵 Families earn per year (2026)$66,848about $5,571/month · 23% lower than U.S. average
🔑 House price$184,00045% lower than U.S. average

Rent is lower than in 69% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $51,800 a year. That is $25 an hour at a full-time job.

Is rent cheaper than other Michigan cities?

Yes. Rent here is cheaper than in most of Michigan. It is number 87 of 179 cities from cheapest to most expensive.

South Monroe
$1,295
River Rouge
$928
Bridgeport
$795
Marshall
$960
Eastwood
$1,255
Walled Lake
$2,148
Fair Plain
$1,314

How much do households earn in South Monroe?

Under $25k
21.2%
$25k–50k
19.4%
$50k–100k
33.1%
$100k–150k
15.8%
$150k+
5.0%

Share of households by yearly income. 20.8% of households earn $100,000 or more.

Rent by apartment size in South Monroe

SizeSouth MonroeU.S. average
1 bedroom$484$1,324
2 bedrooms$1,222$1,509
3 bedrooms$1,684$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is South Monroe overall?

Everyday prices in Michigan overall are 4% below the U.S. average (index 96.2, U.S. = 100).

Housing
82
Goods (food, clothes…)
96
Utilities
100
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for South Monroe, so the Michigan figure is shown.

Taxes and bills in South Monroe

🏛️ Property tax$2,175a year · 1.18% of home value · U.S. $3,119
⚡ Electric bill$133a month (typical) · U.S. $156

Life in South Monroe

Commute to work21.9 minU.S.: 26.4 min
College degree17.1%U.S.: 35.7%
Own their home69.6%U.S.: 65.2%
Below poverty line15.2%U.S.: 12.5%
Unemployment7.7%U.S.: 5.2%

Is it cheaper to rent or buy in South Monroe?

About the same. Renting and owning cost within $18 of each other each month.

Renting
$1,295
Owning
$1,277

Owning assumes a typical $184,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,400 for the down payment.

Frequently asked questions

What is the average rent in South Monroe, MI?

Renting in South Monroe costs a median of about $1,295 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in South Monroe?

To keep rent under 30% of income, you need about $51,800 a year, or $25 an hour at a full-time job.

Is South Monroe cheap or expensive?

South Monroe is rated OK: rent takes 23.2% of the typical household income of $66,848. It ranks 87th cheapest of 179 Michigan cities we track.

How much are property taxes in South Monroe?

The median homeowner in South Monroe pays $2,175 a year in property taxes, about 1.18% of the median home value.

Is South Monroe more expensive than the national average?

Overall prices in Michigan are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in South Monroe?

The median home value in South Monroe is $184,000, about 2.8 times the typical yearly household income.

6,960 people live in South Monroe. Numbers are typical (middle) values.