South Monroe, MI is a great place to live for those looking for an affordable yet comfortable lifestyle. Not only is the two bedroom rent in South Monroe significantly lower than the US average at $1,000, but the grocery cost index in South Monroe is also 93 compared to 100 in the US. There are plenty of businesses and amenities located within the area including Monroe County Community College, The Mall of Monroe, Adventure Park & Zoo, country clubs such as Bedford Valley Golf Club, and local restaurants like Lazy Swine BBQ. These places provide great opportunities for entertainment and local employment.
South Monroe has an unemployment rate of 5.6%. The US average is 6.0%.
South Monroe 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 South Monroe
- The Sales Tax Rate for South Monroe is 6.0%. The US average is 7.3%.
- The Income Tax Rate for South Monroe 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 South Monroe
- The average income of a South Monroe resident is $23,965 a year. The US average is $28,555 a year.
- The Median household income of a South Monroe resident is $48,446 a year. The US average is $69,021 a year.