Cost of Living in Monroe, LA
Housing
The housing market plays a significant role in determining the cost of living in Monroe, LA.
- Housing Index: 85.0 / 100
- Median Home Price is: $212,500
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1275 per month
When considering a move to Monroe, LA, the current housing index stands at 85.0 which indicates a moderately affordable market. The median home price at 212500 suggests entry into homeownership is feasible, while the average rent for a 2-bedroom apartment and house is at 1200 and 1275, respectively. These factors make Monroe a viable option for both renters and buyers alike, especially within a growing region that may offer more job opportunities, community amenities, and a welcoming lifestyle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monroe, LA.
- Electricity Price: $11.42 USD (median by state)
- Natural Gas Price: $19.48 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Monroe, LA could entail higher utility costs. Electricity costs sit at $11.42, while natural gas is priced at $19.48 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Monroe is a financially viable option for your relocation.