Monroe, MN is a small city located in Southeastern Minnesota. It is known for its great affordability with two-bedroom rent being nearly half of the national average. The grocery cost index in Monroe is 93, which is lower than the national average of 100. This makes it an ideal place for people looking to save money while maintaining a high quality of life. In terms of local attractions, Monroe has many unique things to offer. The city hosts a number of cultural festivals throughout the year such as the Syttende Mai Festival and the Miss Norway Pageant. It also boasts several local businesses including La Crescent Wine & Spirit, Spillville Marketplace, and Freeman's Greenhouse & Garden Center. Regardless if you're looking for a fun day out or something more permanent, Monroe offers plenty of opportunities for everyone.
Monroe has an unemployment rate of 4.2%. The US average is 6.0%.
Monroe has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Monroe
- The Sales Tax Rate for Monroe is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Monroe is 7.1%. 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 $25,777 a year. The US average is $28,555 a year.
- The Median household income of a Monroe resident is $51,667 a year. The US average is $69,021 a year.