Monroe, LA vs Philadelphia, PA Cost of Living
Data: BEA Regional Price Parities · Census ACS · 2024
Monroe is significantly cheaper than Philadelphia — 22.7% lower overall cost of living.
To match an $80,000 salary in Monroe, you would need $98,200 in Philadelphia. Calculate your salary ↓
Category Breakdown
Index values: 100 = U.S. national average. Higher = more expensive.
Salary Equivalency Calculator
Enter your current salary in Monroe to see what you'd need to earn in Philadelphia to maintain the same purchasing power.
Formula: salary × (102.6 ÷ 83.6) = salary × 1.2273. Based on BEA Regional Price Parities.
Housing Market
Monroe, LA
- Median Home Price
- $157,000
- Median Monthly Rent
- $1,100
- Housing Index
- 42.8
- Price-to-Rent Ratio
- 11.9×
Philadelphia, PA
- Median Home Price
- $374,000
- Median Monthly Rent
- $1,850
- Housing Index
- 113.1
- Price-to-Rent Ratio
- 16.8×
Philadelphia has 164.3% higher housing costs compared to Monroe.
Income & Job Market
Monroe, LA
- Median Household Income
- $50,300
- Per Capita Income
- $28,700
- Unemployment Rate
- 7.3%
- Population
- 47,252
Philadelphia, PA
- Median Household Income
- $86,900
- Per Capita Income
- $49,500
- Unemployment Rate
- 4.5%
- Population
- 1,603,797
Affordability at a Glance
Income-to-rent ratio: higher is better (more income relative to housing costs).
74% of income left after rent (median)
74% of income left after rent (median)
Related Comparisons
Monroe vs other cities
Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.
Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.
This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.