Cost of Living in Monroe, LA
Population: 47,241 • 2026 Data
$36,521
Median Household Income
-53% vs national
$823
Median Monthly Rent
-39% vs national
$174,800
Median Home Value
-48% vs national
10.6%
Unemployment Rate
Housing in Monroe
The median home value in Monroe, LA is $174,800. Monthly rent for a typical unit averages $823, while total monthly housing costs (including utilities and insurance) average $811.
Rent-to-income ratio: 27.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Monroe, LA is $36,521. The unemployment rate stands at 10.6%, with a labor force of 19,036 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.