Cost of Living in Monroe County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Monroe County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Monroe County ranks #2,529 of 3,142 counties for affordability (bottom 20%)
Sourced county brief
Monroe County Official GRAPI Reaches 36.9 Percent
In Monroe County, the official gross rent as a percentage of household income (GRAPI) was estimated at 36.9 percent. This official B25071 figure is the canonical rentToIncomePct and is 10.0 percentage points higher than the Indiana unweighted county mean of 26.9 percent. The median gross rent was $1,193 per month, which exceeds the state unweighted county mean of $911. Median renter-household income in the county was $35,114. For those in owner-occupied housing, the median home value was $285,200, compared to the Indiana unweighted county mean of $191,899. Median selected monthly owner costs were $1,121, which is higher than the state unweighted county mean of $951. These data points provide a statistical overview based on the ACS 2020-2024 5-Year Estimates and do not include market predictions. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Monroe County
Affordability Verdict
ACS B25071 estimates median gross rent at 36.9% of renter household income in Monroe County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,193 per month; median selected monthly owner costs are $1,121. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $47,720 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Indiana unweighted mean of county median rents is $911 per month. Monroe County's $1,193 median is 31.0% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Monroe County
Rent Burden
21.7%
of gross income
Max Housing (28% Rule)
$1,537
per month
Owner Cost Burden
20.4%
of gross income
The median home in Monroe County may be a stretch
Median home value is $285,200. Estimated monthly cost: $2,277 vs. your max of $1,537.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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