Cost of Living in Monroe County, Illinois
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Monroe County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Monroe County, Illinois
Monroe: wealth and housing costs aligned
Monroe County's median household income of $101,635 ranks 35.8% above the national median, while its 11.8% rent-to-income ratio outperforms the national norm of roughly 15%. This prosperous county sustains higher absolute housing costs while maintaining strong affordability ratios.
Monroe stands richest and most balanced
Monroe County's $101,635 median income is the highest among Illinois counties in this comparison, and its 11.8% rent-to-income ratio ranks among the state's best despite median rents of $996. Wealth and affordability intersect favorably here.
Monroe commands region's highest costs
Monroe's median rent of $996 and median home value of $265,600 exceed all regional neighbors—Menard ($780 rent, $179,300 homes) and Mercer ($757 rent, $139,300 homes) significantly. Higher incomes justify Monroe's premium pricing.
Premium housing on premium incomes
Monroe households spend 11.8% of income on rent and 16.3% on owner costs, allocating roughly one-third of earnings to total housing—sustainable for the county's above-average earners. A $1,383/month mortgage on a $265,600 home reflects the county's upscale market.
Monroe for upwardly mobile families
Consider Monroe if your household income matches or exceeds the county's $101,635 median—you'll access the region's best schools and amenities without housing cost stress. Compare Monroe's premium to Mercer or Menard to weigh value against location appeal.
Affordability Calculator
See how your income compares to housing costs in Monroe County
Rent Burden
11.8%
of gross income
Max Housing (28% Rule)
$2,371
per month
Owner Cost Burden
16.3%
of gross income
You can likely afford the median home in Monroe County
Median home value is $265,600. Estimated monthly cost: $2,120 vs. your max of $2,371.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.