Monroe, MI
20,320Residents
$59,813Median household income
$909/moMedian gross rent
$167,900Median home value
37.6Median age
20%Adults with a bachelor’s degree or higher
69%Homes lived in by their owners
2.8×Home value to household income
Median rent takes about 18% of the median household income in Monroe.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $36,000 a year. In Michigan that leaves roughly $2,465 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.