Cost of Living in Monroe, NY
Housing
The housing market plays a significant role in determining the cost of living in Monroe, NY.
- Housing Index: 115.0 / 100
- Median Home Price is: $400,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1600 per month
When considering a move to Monroe, NY, the housing market presents a housing index of 115.0, indicating a housing cost higher than the national average. The median home price of 400000 suggests that purchasing property may be a significant investment; however, with average rents for a 2-bedroom apartment at 1800 and a house at 1600, renting is also a viable alternative depending on your financial situation. It’s important to weigh your preferences for homeownership versus renting amid these figures, especially considering future market trends.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monroe, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Monroe, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 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.