Cost of Living in Monroe City, MO
Population 3,162 · Missouri · Data vintage 2023
(100 = US avg)
Monroe City is a smaller Missouri community of around 3000 residents, where median household incomes of $52,883 and housing costs ($152,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 0.8% — below most comparable cities in the state.
Geographically, Monroe City is about 60 miles northeast of Columbia, the nearest large metro. Median home values run roughly 43% lower than Columbia's $268,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Monroe City
The median home value in Monroe City is $152,400 — 50% below the national median of $305,000. Median rent runs $662/month, 50% lower than the national median of $1,314/month. The median household income of $52,883/year is 29% lower than the US median of $74,580. The local unemployment rate is 0.8%, below the national average of 4.8%. Missouri's top state income tax rate is 5.0% and the combined sales tax is 8.4%. Overall, Monroe City has a cost of living index of 50 versus the US average of 100, meaning it is 50% less expensive.
Monroe City 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Monroe City, MO?
Monroe City has a cost index of 50 (100 = national average). It is 50% below the national average.
What is average rent in Monroe City, MO?
The median gross rent in Monroe City is $662 per month based on 2023 Census data.
What is the average home price in Monroe City?
The median home value in Monroe City is $152,400 according to Zillow and Census data.
What is the median income in Monroe City?
The median household income in Monroe City is $52,883 per year (2023 ACS 5-year estimates).
What is the sales tax in Monroe City, MO?
The combined state and local sales tax rate in Monroe City is 8.4%. The Missouri state income tax top rate is 5.0%.
Is Monroe City, MO affordable?
Yes, Monroe City is generally considered affordable, with a cost of living index of 50 — about 50% below the US national average of 100.
Monroe City at a Glance
- Population
- 3,162
- Median Income
- $52,883
- Home Value
- $152,400
- Median Rent
- $662/mo
- Unemployment
- 0.8%
- Sales Tax
- 8.4%
Nearby Cities
Explore county-level cost of living data
Missouri Rankings
Similar Cost Cities
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