Monroe, MI at a glance
Median household income
$59,813$4,984 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Monroe, MI?
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, MI? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Monroe, MI MSA, 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 | $914 | $10,968 | $36,560 | 18.3% |
| 1-Bedroom Apartment | $1,011 | $12,132 | $40,440 | 20.3% |
| 2-Bedroom ApartmentBenchmark | $1,326 | $15,912 | $53,040 | 26.6% |
| 3-Bedroom Home | $1,605 | $19,260 | $64,200 | 32.2% |
| 4-Bedroom Home | $2,147 | $25,764 | $85,880 | 43.1% |
What a typical income covers in Monroe, MI
The 50/30/20 rule applied to the local median of $59,813 a year ($4,984 a month before tax).
What $59,813 leaves after Michigan taxes
Federal income tax, Social Security, Medicare and Michigan tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Michigan
Living in Monroe, MI: common questions
What is the median household income in Monroe, MI?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Monroe, MI is $59,813 per year (approximately $4,984 per month).
What is the average rent in Monroe, MI?
The closest official figure is HUD's Fair Market Rent for 2026: $914 for a studio, $1,011 for one bedroom, $1,326 for two, $1,605 for three and $2,147 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, MI expensive to live in?
Prices there run 6.5% below the U.S. average. BEA's regional price parity for the metro area is 93.5, 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, MI?
To keep a $1,326 two-bedroom under 30% of gross income, a household needs about $53,040 a year, or $4,420 a month. That is 89% of what the typical household in Monroe, MI earns.
How much do you need to live comfortably in Monroe, MI?
On the local median income of $59,813 ($4,984 a month before tax), the 50/30/20 rule leaves $2,492 a month for needs like rent, utilities and groceries, $1,495 for everything else and $997 for savings or debt. A two-bedroom at $1,326 takes 53% of the needs share.
How much is the electric bill in Monroe, MI?
Homes in Michigan paid 23¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $207. Your bill depends mostly on heating and cooling.