Cost of Living in Monroe, OK

With a cost of living index of 79, Monroe, OK is a very affordable place to live. Living here is 21% cheaper than the national average and 8% above the Oklahoma state average of 71. Monroe is a small community of 126 residents.

The median household income in Monroe is $39,750, which is 47% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.