Monticello, IN is a great place for anyone looking for a high quality of life at an affordable price. As noted in the content above, the average two bedroom rent is only $880 compared to the national average of $1,430. Additionally, groceries are cheaper in Monticello than most other places due to its Grocery Cost Index score of 94 versus 100 nationally. The city itself has many great local companies such as Bailey's Lawn Care and Monticello Building Supply that help support residents with their daily needs. With its low cost of living and thriving businesses, Monticello is an excellent choice for anyone looking to settle down in a close-knit community in Indiana.
Monticello has an unemployment rate of 3.4%. The US average is 6.0%.
Monticello has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Monticello
- The Sales Tax Rate for Monticello is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Monticello is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monticello
- The average income of a Monticello resident is $20,648 a year. The US average is $28,555 a year.
- The Median household income of a Monticello resident is $46,847 a year. The US average is $69,021 a year.