Cost of Living in Monrovia, CA

Population 37,553 · California · Data vintage 2023

237
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Monrovia run well above the national baseline, with a median of $892,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $97,083 place the city among the better-paid California metros.

Monrovia sits roughly 7 miles northeast of El Monte — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 42% higher than El Monte's $626,000.

Cost Overview

Housing 292
Rent 153

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Monrovia

The median home value in Monrovia is $891,700 — 192% above the national median of $305,000. Median rent runs $2,009/month, 53% higher than the national median of $1,314/month. The median household income of $97,083/year is 30% higher than the US median of $74,580. The local unemployment rate is 5.2%, above the national average of 4.8%. California's top state income tax rate is 13.3% and the combined sales tax is 8.7%. Overall, Monrovia has a cost of living index of 237 versus the US average of 100, meaning it is 137% more expensive.

🏠 Housing

Median Home Value
$891,700
192% above avg
Zillow Home Value
$984,605
Zillow ZHVI
Median Rent
$2,009/mo
53% above avg
Zillow Rent
$2,945/mo
Zillow ZORI
Price-to-Rent Ratio
37.0x
Favors renting
Property Tax Rate
0.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,195
1 BR
$1,241
2 BR
$1,544
3 BR
$2,163
4 BR
$2,556
Owner-occupied 47.9%
Renter-occupied 52.1%

💰 Estimated Monthly Budget

Rent median rent
$2,009
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,623/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
33.5 min
24% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.6%

Commute Mode

Drove alone
71.0%
Carpooled
7.2%
Public transit
2.2%
Walked
1.5%
Bicycle
0.2%
Work from home
16.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 13.3%
Total Sales Tax 8.7%
State rate 7.3%
Avg local rate 1.4%
Property Tax 0.7%

💼 Income & Employment

Median Household Income
$97,083
30% above avg
Per Capita Income
$47,622
Unemployment Rate
5.2%
8% above avg
Poverty Rate
10.5%
Labor Force Participation
66.9%

🎓 Education

Bachelor's degree+ 26.6%
Graduate degree 17.2%

👥 Demographics

Median Age 38.3
Male median age 36.7
Female median age 39.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 67 — Moderate
11.2%
Good air days/yr
210
Max AQI recorded
203
PM2.5 days
150
Ozone days

Frequently Asked Questions

What is the cost of living in Monrovia, CA?

Monrovia has a cost index of 237 (100 = national average). It is 137% above the national average.

What is average rent in Monrovia, CA?

The median gross rent in Monrovia is $2,009 per month based on 2023 Census data.

What is the average home price in Monrovia?

The median home value in Monrovia is $891,700 according to Zillow and Census data.

What is the median income in Monrovia?

The median household income in Monrovia is $97,083 per year (2023 ACS 5-year estimates).

What is the sales tax in Monrovia, CA?

The combined state and local sales tax rate in Monrovia is 8.7%. The California state income tax top rate is 13.3%.

Is Monrovia, CA affordable?

Monrovia is above average in cost of living, with an index of 237 — about 137% higher than the national average.