Monroe County, FL at a glance
Median household income
$87,738$7,312 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Monroe County, FL?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Monroe County, FL? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Monroe County, FL, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,726 | $20,712 | $69,040 | 23.6% |
| 1-Bedroom Apartment | $2,211 | $26,532 | $88,440 | 30.2% |
| 2-Bedroom ApartmentBenchmark | $2,504 | $30,048 | $100,160 | 34.2% |
| 3-Bedroom Home | $3,303 | $39,636 | $132,120 | 45.2% |
| 4-Bedroom Home | $3,315 | $39,780 | $132,600 | 45.3% |
What a typical income covers in Monroe County, FL
The 50/30/20 rule applied to the local median of $87,738 a year ($7,312 a month before tax).
What $87,738 leaves after Florida taxes
Federal income tax, Social Security, Medicare and Florida tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Florida
Living in Monroe County, FL: common questions
What is the median household income in Monroe County, FL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Monroe County, FL is $87,738 per year (approximately $7,312 per month).
What is the average rent in Monroe County, FL?
The closest official figure is HUD's Fair Market Rent for 2026: $1,726 for a studio, $2,211 for one bedroom, $2,504 for two, $3,303 for three and $3,315 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Monroe County, FL expensive to live in?
Prices there run 3.4% above the U.S. average. BEA's regional price parity for Florida is 103.4, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Monroe County, FL?
To keep a $2,504 two-bedroom under 30% of gross income, a household needs about $100,160 a year, or $8,347 a month. That is 114% of what the typical household in Monroe County, FL earns.
How much do you need to live comfortably in Monroe County, FL?
On the local median income of $87,738 ($7,312 a month before tax), the 50/30/20 rule leaves $3,656 a month for needs like rent, utilities and groceries, $2,193 for everything else and $1,462 for savings or debt. A two-bedroom at $2,504 takes 68% of the needs share.
How much is the electric bill in Monroe County, FL?
Homes in Florida paid 15.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $136. Your bill depends mostly on heating and cooling.