Monroe, GA

Below Avg · 76

Georgia · Population 15,336 · Updated March 2026

$1,118
Median Rent / Month
$43,991
Median Income
$222,000
Median Home Value
$1,131
Owner Costs / Month

Affordability

How far your income goes in Monroe

30.5%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Georgia

State-level tax rates that affect your costs

5.49%
Income Tax (Top Rate)
4.0%
Sales Tax
0.92%
Property Tax Rate

Estimated Annual Costs

$13,416
Annual Rent
$2,415
State Income Tax
$2,042
Property Tax (est.)

Cost of Living Overview

Monroe is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 76 (where 100 equals the national median), Monroe residents can expect to pay median rent of $1,118/month while earning a median household income of $43,991/year.

The median home value in Monroe, GA is $222,000, with typical monthly owner costs around $1,131 including mortgage, insurance, and taxes. At 30.5% rent-to-income ratio, residents of Monroe are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

Georgia has a moderate income tax rate of 5.49%. Combined with a 4.0% sales tax rate and 0.92% effective property tax rate, the overall tax environment is a factor in the total cost of living in Monroe.

Frequently Asked Questions

Common questions about living costs in Monroe

What is the cost of living in Monroe, GA?
The cost of living index in Monroe, GA is 76 (US average = 100). Median monthly rent is $1,118, median household income is $43,991/year, and the median home value is $222,000.
Is Monroe, GA affordable?
Yes, Monroe is more affordable than the national average with a cost index of 76. The rent-to-income ratio is 30.5%—above the 30%% affordability threshold.
What is the average rent in Monroe, GA?
The median gross rent in Monroe, GA is $1,118 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,416.
What is the median household income in Monroe?
The median household income in Monroe, GA is $43,991 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Georgia?
Georgia has a top income tax rate of 5.49%, a sales tax of 4.0%, and an effective property tax rate of 0.92%.