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Monroe, IA vs Red Oak, IA

70
Monroe
Iowa
VS
+11.4%
63
Red Oak
Iowa

Red Oak is moderately more affordable than Monroe, with a 11.4% lower cost of living index. Monroe scores 70 compared to 63 for Red Oak, where the US average is 100. This difference means residents of Monroe can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Monroe is $780/month compared to $768/month in Red Oak — a 2% difference. Home values follow the same pattern: Red Oak is more affordable at $91,600 median vs $173,500.

Median household income in Monroe is $81,488 compared to $52,996 in Red Oak (+53.8%). While Monroe is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Monroe spend roughly 11.5% of their income on rent, less than the 17.4% in Red Oak.

Climate-wise, both cities share similar average temperatures (49.5°F vs 52.4°F). Monroe receives more rainfall at 36.6" per year compared to 31.9" in Red Oak.

Income & Cost

Cost of Living Index
Monroe
70
Red Oak
63
10% cheaper
Median Household Income
Monroe
$81,488
35% higher
Red Oak
$52,996

Housing

Median Rent
Monroe
$780
Red Oak
$768
2% cheaper
Median Home Value
Monroe
$173,500
Red Oak
$91,600
47% cheaper
Population
Monroe
2,074
Red Oak
5,542

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Monroe $2.96
Red Oak $2.96
US $3.07
🥚
Eggs (grade A, large)
Monroe $2.42
Red Oak $2.41
US $2.50
🥛
Milk (whole)
Monroe $3.89
Red Oak $3.89
US $4.03
🍞
Bread (white)
Monroe $1.79
Red Oak $1.79
US $1.85
🍗
Chicken breast
Monroe $4.00
Red Oak $4.00
US $4.14
Electricity
Monroe $0.17
Red Oak $0.15
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Monroe 49.5°F
Red Oak 52.4°F
Summer High
Monroe 84°F
Red Oak 88°F
Winter Low
Monroe 13°F
Red Oak 15°F
Rainfall
Monroe 36.6"
Red Oak 31.9"
Rainy Days
Monroe 115d
Red Oak 103d