What Is the Cost of Living in Monroe, LA?

If you’re considering a move to Northeast Louisiana, Monroe might already be on your radar — and with good reason. It’s affordable, family-oriented, and still offers the amenities of a growing metro. But how does the cost of living actually stack up?

Let’s break it down so you can make smart decisions with real numbers.

🏠 Housing Costs in Monroe

Whether you're buying your first home or relocating from out of state, Monroe is significantly more affordable than national averages.

• Median Home Price (as of early 2026): ~$180,000–$210,000

• West Monroe median: slightly higher (~$200,000–$230,000)

• Property taxes: ~0.52% (among the lowest in the country)

Compared to cities like Dallas, Nashville, or even Baton Rouge, Monroe offers more space for your dollar.

💡 Utilities & Monthly Expenses

Utilities in Northeast Louisiana tend to run lower than national averages:

• Electricity: $120–$160/month (varies by home size)

• Water & Sewer: ~$45/month

• Internet: $50–$75/month

Tip: Homes with newer HVAC systems or good insulation can significantly reduce energy costs during Louisiana’s hot summers.

🛒 Groceries, Dining, and Essentials

Monroe offers a great balance of affordability and variety when it comes to food.

• Grocery prices: ~5–10% below the national average

• Popular local chains: Brookshire’s, Super 1, and Walmart Neighborhood Market

• Dining out: A meal for two at a mid-range restaurant runs about $40–$50

And don’t miss local staples like Catfish Charlie’s, Warehouse No.1, and Delta Biscuit Company!

🚗 Transportation Costs

• Gas prices: Competitive for the region — often 10–15¢ cheaper than national average

• Car insurance: ~$90–$130/month depending on driving history

• Commute times: Average of 15–20 minutes — minimal traffic and parking hassles

This is one of the best quality-of-life benefits for Monroe locals.

🏥 Healthcare & Insurance

• Healthcare costs: ~8% lower than national average

• Providers include St. Francis Medical Center, Glenwood Regional, and multiple specialty clinics

• Many locals use Blue Cross Blue Shield of Louisiana or CHRISTUS Health Plans

🎓 Education Costs

If you’re looking into private school or higher ed:

• Private school tuition (K–12): $6,000–$9,000/year on average

• College tuition (ULM): $9,500–$10,000/year (in-state)

University of Louisiana at Monroe is a major local employer and a top choice for continuing education.

💬 Final Thoughts from Brian

Monroe stands out for its balance — low home prices, lower-than-average expenses, and enough city life to stay connected without the high costs of larger metros.

If you're thinking about relocating, I’d be glad to walk you through how your current cost of living compares to life here in Northeast Louisiana.

🔍 Ready to Run Your Numbers?

Let’s talk about your lifestyle, budget, and goals — and I’ll help you build a move plan that makes sense financially.