Monticello, FL is a small town located in the panhandle region of Florida. This sunny town is home to approximately 3,000 people and offers great affordability for those who move there. Rent for a two-bedroom property in Monticello, FL is significantly lower than the US average at $1,060 versus $1,430 nationwide. Other costs are also relatively affordable with the Grocery Cost Index being 99 compared to 100 in the US. The local economy is mainly based on agriculture and timber production, but several companies have sprung up in recent years such as Luvida Memory Care Center and Telfair Construction Company. For those looking for an affordable and safe place to move to, Monticello may be worth considering!
Monticello has an unemployment rate of 4.5%. The US average is 6.0%.
Monticello has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher 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 0.0%. 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 $19,536 a year. The US average is $28,555 a year.
- The Median household income of a Monticello resident is $43,780 a year. The US average is $69,021 a year.