Cost of Living in Monroe County, Pennsylvania

$1,347/mo
Median Monthly Rent
$241,200
Median Home Value
40% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,347/mo
40% above state average
Median Home Value
$241,200
14% below national
Rent-to-Income Ratio
32.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Monroe County Compares

Median monthly rent comparison

Monroe County$1,347/mo
Pennsylvania Average$960/mo
National Median$1,163/mo

Detailed Housing Stats

$1,347/mo
Median Gross Rent
$241,200
Median Home Value
$1,384/mo
Monthly Owner Cost
32.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Monroe County, Pennsylvania

Monroe stretches affordability despite higher income

Monroe County's 19.6% rent-to-income ratio exceeds the national comfort zone, even though the county boasts the second-highest median income ($82,374) in our dataset. At $1,347 monthly, rent consumes substantially more income here than in lower-cost regions.

Pennsylvania's most expensive county

Monroe ranks as the state's priciest housing market with a 19.6% rent-to-income ratio, well above Pennsylvania's 16.5% average and the highest in our group. This reflects the Poconos' status as a regional destination driving home values to $241,200.

Significantly pricier than all peers

Monroe's $1,347 rent towers over Northampton's $1,335 and all central Pennsylvania counties, while its $241,200 median home value matches Montour but comes with higher income pressure. Buyers and renters pay premium prices here despite elevated incomes.

Premium housing takes a bigger bite

On an $82,374 income, renters pay $1,347 monthly (19.6%) while homeowners pay $1,384 monthly (20.1%)—the highest burden ratios in our dataset. Both groups sacrifice substantially more for housing than counterparts in adjacent counties.

Monroe premium comes with location

Monroe's higher income supports but doesn't fully offset its housing costs—evaluate whether the Pocono region's amenities justify the 19.6% rent burden before relocating. Compare against nearby Northampton (18.5%) for similar access with lower costs.

Affordability Calculator

See how your income compares to housing costs in Monroe County

$

Rent Burden

19.6%

of gross income

Max Housing (28% Rule)

$1,922

per month

Owner Cost Burden

20.2%

of gross income

The median home in Monroe County may be a stretch

Median home value is $241,200. Estimated monthly cost: $1,926 vs. your max of $1,922.

Rent Affordability Guide

Your rent-to-income ratio19.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Monroe County, Pennsylvania?
Monroe County, Pennsylvania has a median monthly rent of $1,347/mo and a median home value of $241,200. The affordability rating is Unaffordable, with rent making up approximately 32.0% of median household income.
What is the median rent in Monroe County?
The median gross rent in Monroe County is $1,347/mo. This is 40% above state average for Pennsylvania.
Is Monroe County affordable?
Monroe County is rated Unaffordable based on rent-to-income ratio of 32.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Monroe County's rent compare to the state average?
Monroe County's median rent of $1,347/mo is 40% above state average of $960/mo for Pennsylvania.
What is the median home value in Monroe County?
The median home value in Monroe County, Pennsylvania is $241,200. This is 14% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.