Monson, ME is a small town located in central Maine with a population of around 2,200 people. It is known for being one of the most affordable towns in the area, with an average 2 Bedroom rent of $860 compared to the US average of $1,430. Grocery cost index in Monson is also slightly higher than the national average at 105 versus 100.
Monson’s local economy relies on several major contributors including Monson Motorsports Inc., North Country Rivers and Lakes, and Monroe Veterinary Clinic. Monson Motorsports Inc. provides sales and service on ATV's, Snowmobiles and Motorcycles while North Country Rivers and Lakes provides canoeing trips down the Kennebec River. Finally, Monroe Veterinary Clinic offers a wide range of pet care services from vaccinations to general checkups. All three companies have been integral parts of Monson’s economy for many years now.
Monson has an unemployment rate of 7.6%. The US average is 6.0%.
Monson has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Monson
- The Sales Tax Rate for Monson is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Monson is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monson
- The average income of a Monson resident is $19,245 a year. The US average is $28,555 a year.
- The Median household income of a Monson resident is $49,125 a year. The US average is $69,021 a year.