Question 1

What is the cost of living in Monroe, MI?

Accepted Answer

Monroe, MI's overall price level (BEA Regional Price Parity) is 93.49, where 100 equals the U.S. average. That means everyday goods, services, and housing cost about 6.5% less than the national average. HUD's Fair Market Rent for a 2-bedroom is $1,326/month.

Question 2

What is the average salary in Monroe, MI?

Accepted Answer

Across the 100 BLS-tracked occupation categories with published data in Monroe, MI, the average median wage is $86,009. The single highest-paying occupation here is Chief Executives at $244,760/year (BLS OEWS).

Question 3

What are the highest-paying jobs in Monroe?

Accepted Answer

Based on BLS OEWS data, the top-paying occupations in Monroe, MI are: 1) Chief Executives at $244,760; 2) Physicians, All Other at $210,090; 3) Architectural and Engineering Managers at $158,170; 4) Computer and Information Systems Managers at $153,080; 5) Financial Managers at $140,110. Click any occupation above to see the full wage breakdown (10th to 90th percentile).

Question 4

How much does it cost to rent a 2-bedroom apartment in Monroe?

Accepted Answer

The U.S. Department of Housing and Urban Development's Fair Market Rent (FMR) for a 2-bedroom unit in Monroe, MI is $1,326/month. FMR is the rent level HUD uses to administer housing assistance and reflects the 40th percentile of standard-quality rentals, updated annually.

Question 5

Where does AffordMap's Monroe data come from?

Accepted Answer

Salary figures come from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. Cost of living comes from the Bureau of Economic Analysis Regional Price Parities (RPP). Rent comes from HUD Fair Market Rents. All three are federal datasets, updated annually, and free to use. AffordMap pairs them so you can see what a salary actually buys after local costs.

Rank	Occupation	Category	Median salary	Hourly
21	Medical and Health Services Managers	Management	$101K	$48.71/hr
22	Education Administrators, Kindergarten through Secondary	Management	$101K	N/A
23	Project Management Specialists	Business & Finance	$100K	$48.22/hr
24	Construction Managers	Management	$99K	$47.61/hr
25	Software Developers	Technology	$98K	$47.25/hr
26	Personal Financial Advisors	Business & Finance	$98K	$47.16/hr
27	Industrial Engineers	Engineering	$98K	$47.01/hr
28	Civil Engineers	Engineering	$97K	$46.45/hr
29	Data Scientists	Technology	$96K	$46.22/hr
30	Management Analysts	Business & Finance	$96K	$46.17/hr

Top Paying Jobs in Monroe, MI

Highest paying careers in Monroe

Affordability snapshot: Monroe