Monrovia, CA is a great place to live. The average rent for a two bedroom is reasonably priced at $2,260, which is significantly lower than the national average of $1,430. The area also has a Grocery Cost Index of 103, meaning that food costs more than the US average but not by much. In Monrovia you can find plenty of local businesses and companies such as Rivet Insurance Services, Cameron's Seafood, Magnolia Park Optometry and Choice Plumbing & Rooter Inc. All these businesses have been serving the local community for many years and are known for their excellent services.
Monrovia has an unemployment rate of 9.1%. The US average is 6.0%.
Monrovia has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Monrovia
- The Sales Tax Rate for Monrovia is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Monrovia is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monrovia
- The average income of a Monrovia resident is $34,668 a year. The US average is $28,555 a year.
- The Median household income of a Monrovia resident is $87,077 a year. The US average is $69,021 a year.