Cost of Living in Monmouth, IA

With a cost of living index of 76, Monmouth, IA is a very affordable place to live. Living here is 24% cheaper than the national average and 5% above the Iowa state average of 71. Monmouth is a small community of 112 residents.

The median household income in Monmouth is $46,389, which is 38% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Monmouth. The area sees an average annual temperature of 47.2°F, with summers averaging 70°F and winters around 22°F. Annual rainfall totals 38.2 inches spread over roughly 118 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Cedar Rapids, IA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.