Monroe, WV County is an attractive place to live due to its low cost of living. Rent for a two-bedroom apartment in Monroe is $740, significantly lower than the US average rent price of $1,430. Additionally, the Grocery Cost Index in Monroe is 95 compared to 100 in the US which further contributes to the affordability of living there. Several local companies such as Smithfield Foods and Greenbrier Valley Medical Center are based in Monroe and provide employment opportunities for residents. Overall, Monroe provides a desirable balance between affordable rent prices and a variety of job prospects.
Monroe County has an unemployment rate of 4.7%. The US average is 6.0%.
Monroe County has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for Monroe County
- The Sales Tax Rate for Monroe County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Monroe County is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monroe County
- The average income of a Monroe County resident is $23,787 a year. The US average is $37,638 a year.
- The Median household income of a Monroe County resident is $47,417 a year. The US average is $69,021 a year.