South Monrovia Island, CA is an idyllic coastal community located in the Los Angeles area. The local economy is supported by many small businesses like Little Fish Coffee, South Monrovia Smoothies, and Corrales Wine Bar. The average two bedroom rent in South Monrovia Island is $2,350, which is slightly higher than the US two bedroom rent of $1,430. Despite its higher rental costs, the cost of living in South Monrovia Island remains relatively low compared to other areas due to its local grocery cost index being 102 versus 100 in the US. All of this helps make South Monrovia Island an attractive place for families to live and work.
South Monrovia Island has an unemployment rate of 10.9%. The US average is 6.0%.
South Monrovia Island 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 33.7%, which is higher than the US average of 33.5%.
Tax Rates for South Monrovia Island
- The Sales Tax Rate for South Monrovia Island is 9.5%. The US average is 7.3%.
- The Income Tax Rate for South Monrovia Island 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 South Monrovia Island
- The average income of a South Monrovia Island resident is $17,824 a year. The US average is $28,555 a year.
- The Median household income of a South Monrovia Island resident is $94,250 a year. The US average is $69,021 a year.