Monroe, WI vs Waterloo, WI

Monroe is moderately more affordable than Waterloo, with a 8.4% lower cost of living index. Monroe scores 74 compared to 81 for Waterloo, where the US average is 100. This difference means residents of Waterloo can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Monroe is $844/month compared to $974/month in Waterloo — a 13% difference. Home values follow the same pattern: Monroe is more affordable at $184,400 median vs $219,100.

Median household income in Monroe is $67,621 compared to $78,103 in Waterloo (-13.4%). While Waterloo 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 15% of their income on rent, less than the 15% in Waterloo.