Monroe, GA is a great place to live with a low cost of living. The average 2 bedroom rent there is $1,290 compared to the US average of $1,430, making it a much cheaper option for renters. Additionally, Monroe’s Grocery Cost Index of 96 is lower than the US average of 100. This means food costs are lower in Monroe than in most other places in the US. Local companies in Monroe include McDonald's, Walmart Supercenter, KFC and Taco Bell. With its low cost of living and abundance of local businesses and amenities, Monroe is an attractive option for those looking to save money while enjoying a high quality of life.
Monroe has an unemployment rate of 3.4%. The US average is 6.0%.
Monroe has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 48.2%, which is higher than the US average of 33.5%.
Tax Rates for Monroe
- The Sales Tax Rate for Monroe is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Monroe is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monroe
- The average income of a Monroe resident is $15,461 a year. The US average is $28,555 a year.
- The Median household income of a Monroe resident is $39,015 a year. The US average is $69,021 a year.