West Monroe, MI is an attractive place to live due to its affordability. The two bedroom rent in West Monroe, MI is $1,000 whereas the US two bedroom rent is $1,430, making it a more budget-friendly option. Grocery cost index in West Monroe is 93 compared to 100 in the US. This means that groceries here are more affordable than most other places in the nation. The city also has several thriving businesses such as Dairy Queen, Walmart, and CVS Pharmacy. These companies offer quality goods and services at competitive prices when compared to their US counterparts. Living in West Monroe provides families with an affordable yet high quality of life.
West Monroe has an unemployment rate of 5.6%. The US average is 6.0%.
West 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 West Monroe
- The Sales Tax Rate for West Monroe is 6.0%. The US average is 7.3%.
- The Income Tax Rate for West 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 West Monroe
- The average income of a West Monroe resident is $17,293 a year. The US average is $28,555 a year.
- The Median household income of a West Monroe resident is $50,951 a year. The US average is $69,021 a year.