48161 Monroe, MI is a great place to live with a moderate cost of living. The 2 bedroom rent in the area is $1,010 which is $420 less than the US average of $1,430. Additionally, the Grocery Cost Index in 48161 Monroe is 93 versus 100 in the US. This makes it an affordable area for those looking to save on monthly expenses. Local companies that serve this area include Meijer, Dunhams Sports, and PPG Paints. Meijer provides groceries and general merchandise for shoppers at prices that are competitive with other retailers. Dunhams Sports provides sporting goods and apparel for customers who want to stay active in the community. Finally, PPG Paints offers a variety of paint supplies and home improvement items to those who are looking to improve their homes or just try something new.
Monroe (zip 48161) has an unemployment rate of 5.6%. The US average is 6.0%.
Monroe (zip 48161) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Monroe (zip 48161)
- The Sales Tax Rate for Monroe (zip 48161) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Monroe (zip 48161) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monroe (zip 48161)
- The average income of a Monroe (zip 48161) resident is $22,782 a year. The US average is $28,555 a year.
- The Median household income of a Monroe (zip 48161) resident is $58,214 a year. The US average is $69,021 a year.