Home County Monroe County’s $3,835-per-month cost of living is the highest in Florida

Monroe County’s $3,835-per-month cost of living is the highest in Florida

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Residents of Monroe County need to make $3,835 every month to maintain a modest standard of living, making it the most expensive place to live in Florida.

That was one of the data points in a new analysis from 24/7 Wall St., which examined the county in each state that is the most expensive to live in. The Economic Policy Institute’s Family Budget Calculator was used to determine the local cost of living, which includes housing, food, health care, transportation and other necessities.

The monthly housing cost in Monroe County, the biggest expense, was $960. And the median household income in the region stood at $63,030, while the 2018 jobless rate there was 2.6.

The 24/7 Wall St. analysis ranked counties by estimating the cost of living for a single adult resident to have a modest quality of life.

Those counties in each state that ranked the most expensive to live in tended to have strong economies, low jobless rates and higher household incomes, according to the study.

Most Expensive Regions in Each State

State  County / Jurisdiction Monthly Cost of Living Monthly Housing Costs Median Household Income 2018 Jobless Rate
Alabama Shelby $3,429 $806 $74,063 2.9%
Alaska Denali Borough $4,182 $1,042 $83,295 7.8%
Arizona Coconino $3,462 $782 $53,523 5.5%
Arkansas Saline $2,939 $616 $58,985 3.1%
California San Mateo $6,127 $2,136 $105,667 2.2%
Colorado Douglas $4,150 $1,249 $111,154 2.9%
Connecticut Fairfield $3,814 $1,052 $89,773 4%
Delaware New Castle $3,377 $837 $68,336 3.7%
Florida Monroe $3,835 $960 $63,030 2.6%
Georgia Forsyth $3,828 $1,040 $96,445 3.1%
Hawaii Kalawao $4,377 $1,126 $61,750 N/A
Idaho Blaine $3,558 $747 $58,835 2.4%
Illinois McHenry $3,650 $940 $82,230 3.5%
Indiana Hamilton $3,178 $742 $90,582 2.7%
Iowa Story $3,083 $607 $52,671 1.6%
Kansas Riley $3,316 $775 $48,428 2.9%
Kentucky Oldham $3,004 $644 $92,237 3.3%
Louisiana St. Tammany Parish $3,215 $758 $66,539 4.2%
Maine Cumberland $3,614 $934 $65,702 2.7%
Maryland Calvert $4,665 $1,459 $100,350 3.5%
Massachusetts Nantucket $4,158 $1,229 $91,942 4.4%
Michigan Leelanau $3,447 $660 $62,646 4.2%
Minnesota Washington $3,404 $866 $89,598 2.5%
Mississippi Madison $3,198 $708 $68,600 3.7%
Missouri Andrew $3,075 $552 $56,658 2.7%
Montana Madison $3,478 $690 $47,900 3.5%
Nebraska Arthur $3,492 $526 $41,250 5%
Nevada Churchill $3,329 $703 $46,914 3.9%
New Hampshire Rockingham $3,381 $904 $85,619 2.8%
New Jersey Hunterdon $3,939 $1,044 $110,969 3.3%
New Mexico Harding $3,082 $541 $35,096 5.3%
New York Putnam $4,968 $1,449 $99,608 3.7%
North Carolina Camden $3,829 $844 $68,327 3.7%
North Dakota Dunn $3,806 $962 $68,594 1.6%
Ohio Hocking $3,020 $582 $48,073 5.1%
Oklahoma Ellis $3,266 $542 $50,594 2.2%
Oregon Clackamas $3,801 $1,069 $72,408 3.8%
Pennsylvania Chester $3,675 $966 $92,417 3.2%
Rhode Island Newport $3,359 $904 $75,463 3.5%
South Carolina Beaufort $3,499 $842 $60,603 3.2%
South Dakota Custer $3,081 $567 $56,449 4%
Tennessee Williamson $3,583 $971 $103,543 2.5%
Texas Fort Bend $3,480 $1,005 $93,645 4%
Utah Summit $3,464 $793 $94,952 3%
Vermont Grand Isle $3,834 $905 $66,111 3.2%
Virginia Fairfax $4,754 $1,637 $117,515 2.4%
Washington King $3,631 $1,119 $83,571 3.5%
West Virginia Jefferson $3,358 $729 $72,526 3.3%
Wisconsin St. Croix $3,274 $668 $77,768 3%
Wyoming Teton $3,779 $846 $80,049 3%

Source: 24/7 Wall St.