Cost of Living in Monroe, CT
Population 18,833 · Connecticut · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Monroe a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $477,000.
Monroe sits roughly 11 miles north of Bridgeport — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 89% higher than Bridgeport's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Monroe
The median home value in Monroe is $477,000 — 56% above the national median of $305,000. Median rent runs $1,466/month, 12% higher than the national median of $1,314/month. The median household income of $156,731/year is 110% higher than the US median of $74,580. The local unemployment rate is 3.4%, below the national average of 4.8%. Connecticut's top state income tax rate is 7.0% and the combined sales tax is 6.3%. The climate averages highs of 61.1°F and lows of 45.7°F, with about 33.6" of annual snowfall. Overall, Monroe has a cost of living index of 138 versus the US average of 100, meaning it is 38% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 38 | 41 | 47 | 58 | 68 | 78 | 83 | 82 | 75 | 64 | 54 | 44 |
| Low °F | 24 | 26 | 32 | 42 | 52 | 62 | 68 | 67 | 60 | 48 | 38 | 30 |
| Precip" | 3.18 | 3.12 | 4.09 | 4.16 | 3.58 | 3.77 | 3.32 | 3.98 | 3.96 | 3.84 | 3.11 | 3.98 |
| Snow" | 8.5 | 10.7 | 7.0 | 0.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.9 | 5.5 |
Frequently Asked Questions
What is the cost of living in Monroe, CT?
Monroe has a cost index of 138 (100 = national average). It is 38% above the national average.
What is average rent in Monroe, CT?
The median gross rent in Monroe is $1,466 per month based on 2023 Census data.
What is the average home price in Monroe?
The median home value in Monroe is $477,000 according to 2023 Census ACS data.
What is the median income in Monroe?
The median household income in Monroe is $156,731 per year (2023 ACS 5-year estimates).
What is the sales tax in Monroe, CT?
The combined state and local sales tax rate in Monroe is 6.3%. The Connecticut state income tax top rate is 7.0%.
Is Monroe, CT affordable?
Monroe is above average in cost of living, with an index of 138 — about 38% higher than the national average.
What is the weather like in Monroe?
Monroe has average high temperatures of 61.1°F and average lows of 45.7°F. Annual precipitation is 44.1". Average annual snowfall is 33.6". Data from NOAA 1991–2020 Climate Normals.
Monroe at a Glance
- Population
- 18,833
- Median Income
- $156,731
- Home Value
- $477,000
- Median Rent
- $1,466/mo
- Unemployment
- 3.4%
- Avg High Temp
- 61.1°F
- Sales Tax
- 6.3%
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