Monrovia, CA

Very High · 192

California · Population 37,553 · Updated March 2026

$2,009
Median Rent / Month
$97,083
Median Income
$891,700
Median Home Value
$2,092
Owner Costs / Month

Affordability

How far your income goes in Monrovia

24.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in California

State-level tax rates that affect your costs

13.3%
Income Tax (Top Rate)
7.25%
Sales Tax
0.71%
Property Tax Rate

Estimated Annual Costs

$24,108
Annual Rent
$12,912
State Income Tax
$6,331
Property Tax (est.)

Cost of Living Overview

Monrovia has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 192 (where 100 equals the national median), Monrovia residents can expect to pay median rent of $2,009/month while earning a median household income of $97,083/year.

The median home value in Monrovia, CA is $891,700, with typical monthly owner costs around $2,092 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

California's top income tax rate of 13.3% is among the highest in the nation, adding to the overall cost burden. Combined with a 7.25% sales tax rate and 0.71% effective property tax rate, the overall tax environment is a factor in the total cost of living in Monrovia.

Frequently Asked Questions

Common questions about living costs in Monrovia

What is the cost of living in Monrovia, CA?
The cost of living index in Monrovia, CA is 192 (US average = 100). Median monthly rent is $2,009, median household income is $97,083/year, and the median home value is $891,700.
Is Monrovia, CA affordable?
No, Monrovia is more expensive than the national average with a cost index of 192. The rent-to-income ratio is 24.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Monrovia, CA?
The median gross rent in Monrovia, CA is $2,009 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,108.
What is the median household income in Monrovia?
The median household income in Monrovia, CA is $97,083 per year. This compares to the national median of approximately $80,000.
What are the taxes like in California?
California has a top income tax rate of 13.3%, a sales tax of 7.25%, and an effective property tax rate of 0.71%.