Cost of Living in South Monroe, MI
Population 6,771 · Michigan · Data vintage 2023
(100 = US avg)
South Monroe is a smaller Michigan community of around 7000 residents, where median household incomes of $59,674 and housing costs ($177,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 7.9%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 20 miles northeast of Toledo, South Monroe falls within that metro's commuting orbit. Median home values run roughly 65% higher than Toledo's $107,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in South Monroe
The median home value in South Monroe is $176,900 — 42% below the national median of $305,000. Median rent runs $935/month, 29% lower than the national median of $1,314/month. The median household income of $59,674/year is 20% lower than the US median of $74,580. The local unemployment rate is 7.9%, above the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. Overall, South Monroe has a cost of living index of 63 versus the US average of 100, meaning it is 37% less expensive.
South Monroe has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in South Monroe, MI?
South Monroe has a cost index of 63 (100 = national average). It is 37% below the national average.
What is average rent in South Monroe, MI?
The median gross rent in South Monroe is $935 per month based on 2023 Census data.
What is the average home price in South Monroe?
The median home value in South Monroe is $176,900 according to 2023 Census ACS data.
What is the median income in South Monroe?
The median household income in South Monroe is $59,674 per year (2023 ACS 5-year estimates).
What is the sales tax in South Monroe, MI?
The combined state and local sales tax rate in South Monroe is 6.0%. The Michigan state income tax top rate is 4.3%.
Is South Monroe, MI affordable?
Yes, South Monroe is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.
South Monroe at a Glance
- Population
- 6,771
- Median Income
- $59,674
- Home Value
- $176,900
- Median Rent
- $935/mo
- Unemployment
- 7.9%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Michigan Rankings
Similar Cost Cities
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