Monroe County, FL
Comprehensive housing, income, and cost of living data for Monroe County, Florida. Population: 82.0K.
Housing & Finance
Demographics & Economics
Racial Demographics
Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.
Climate & Environment
Frequently Asked Questions
What is the median home price in Monroe County, FL?
The median home price in Monroe County, Florida is $881.0K. The price-to-income ratio is 10.7x, meaning the median home costs 10.7 times the median household income.
What salary do you need to buy a home in Monroe County?
Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $220.7K per year to buy the median home in Monroe County, FL. Monthly housing costs break down to $4,455 for mortgage, $329 for property tax, and $367 for insurance.
What is the property tax rate in Monroe County?
The effective property tax rate in Monroe County is 0.45%, which comes to approximately $3,943 per year on the median home.
What is the median household income in Monroe County?
The median household income in Monroe County, Florida is $82.4K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.0%%.
Is Monroe County a good place to live?
Monroe County, Florida has a population of 82.0K. Housing affordability is challenging with a price-to-income ratio of 10.7x. The climate averages 77 degrees F with 203 sunny days per year. Compare Monroe County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.