Cost of Living in Monroe County, Wisconsin

$920/mo
Median Monthly Rent
$197,200
Median Home Value
3% above state averageUnaffordable

At a Glance

Median Monthly Rent
$920/mo
3% above state average
Median Home Value
$197,200
30% below national
Rent-to-Income Ratio
25.0%
% 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$920/mo
Wisconsin Average$891/mo
National Median$1,163/mo

Detailed Housing Stats

$920/mo
Median Gross Rent
$197,200
Median Home Value
$965/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Monroe County, Wisconsin

Monroe County offers moderate rent affordability

Monroe County's rent-to-income ratio of 16.2% falls comfortably within the sustainable housing-cost range and below both the state average of 14.9% and the broader context of affordability benchmarks. With a median household income of $68,213, slightly below the national median of $74,755, residents here manage housing costs more effectively than many peers.

Middle-ground affordability within Wisconsin

Monroe County ranks in the mid-range for rental affordability across Wisconsin, with a 16.2% rent-to-income ratio that sits between the most and least affordable counties statewide. The $920 median monthly rent is nearly $30 below the state average, offering renters modest savings.

Competitive rates in the region

Monroe County's $920 rent is comparable to nearby Oneida County ($868) and significantly cheaper than Milwaukee County's $1,069. For buyers, Monroe's $197,200 median home value is accessible compared to Pierce County ($308,600) while remaining comparable to similarly sized regional markets.

Balanced housing expenses for stability

Monroe County residents allocate roughly 16% of income to rent and 17% to ownership costs, leaving room for other budget priorities. The $920 median rent totals approximately $11,040 annually, a manageable burden for households earning around $68,000.

Monroe County scores as a solid option

If you're relocating within Wisconsin, Monroe County delivers reasonable housing costs without sacrificing regional access or amenities. The balanced rent-to-income ratio here means more of your paycheck stays in your pocket compared to higher-cost urban alternatives.

Affordability Calculator

See how your income compares to housing costs in Monroe County

$

Rent Burden

16.2%

of gross income

Max Housing (28% Rule)

$1,592

per month

Owner Cost Burden

17.0%

of gross income

You can likely afford the median home in Monroe County

Median home value is $197,200. Estimated monthly cost: $1,574 vs. your max of $1,592.

Rent Affordability Guide

Your rent-to-income ratio16.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Monroe County, Wisconsin?
Monroe County, Wisconsin has a median monthly rent of $920/mo and a median home value of $197,200. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Monroe County?
The median gross rent in Monroe County is $920/mo. This is 3% above state average for Wisconsin.
Is Monroe County affordable?
Monroe County is rated Unaffordable based on rent-to-income ratio of 25.0%. 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 $920/mo is 3% above state average of $891/mo for Wisconsin.
What is the median home value in Monroe County?
The median home value in Monroe County, Wisconsin is $197,200. This is 30% 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.