Monroe is located in South Dakota and has an overall cost of living that is -24% compared to the national average. Understanding the full picture of living expenses — from housing and rent to grocery bills and healthcare — is essential when considering a move to Monroe.

Housing: Median rent in Monroe is $504.50 / month, and the median home price is $168,102. Housing costs are -69% compared to the national average, which significantly impacts monthly budgets.

Groceries: Daily essentials like bread ($3.93), milk ($4.55), and eggs ($4.49) reflect the local grocery landscape. Overall grocery costs are -4% vs the national average.

Healthcare: Medical costs include doctor visits ($159.52), dentist visits ($128.14), and prescription drugs ($23.09). These costs should be factored into your monthly budget when planning a move.

South Dakota has no state income tax, which means residents of Monroe keep more of their earnings. This is especially beneficial for high-income earners and retirees.

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Monroe, South Dakota Cost of Living FAQ

Common questions about living costs in Monroe.

Monroe, South Dakota has an overall cost of living that is -24% the national average. Housing costs are -69% vs the national average. Grocery prices are -4% vs average. Utilities are -16% vs average. This makes Monroe a very affordable place to live.

The median rent in Monroe, South Dakota is $504.50 / month. Average energy bills run $185.35 / month. Phone bills average $165.35 / month. Housing is typically the largest expense for residents.

Healthcare costs in Monroe: doctor's visit averages $159.52, dentist visit averages $128.14, prescription drugs average $23.09. Overall healthcare expenses in the area are influenced by the -4% grocery cost difference.

Monroe is one of 32 cities tracked in South Dakota. With an overall cost -24% vs the national average, it is more affordable than many other cities in the state. Visit our South Dakota state page to compare all cities side-by-side and find the best fit for your budget.

Monroe offers cost of living -24% compared to the national average. Key factors to consider: median home price of $168,102, rent of $504.50 / month, and no state income tax in South Dakota. Explore our detailed cost breakdown above to see if Monroe fits your budget.