Monticello, NY is a small and vibrant city located in upstate New York. Home to over 5,000 residents, this charming community offers the best of both worlds — proximity to urban amenities and suburban tranquillity. The cost of living in Monticello is quite reasonable due to the low rent prices; a two bedroom rental averages at $980 compared to the US average of $1,430. Similarly, grocery costs are comparatively lower with an index score of 97 versus 100 in the US.
The town offers various recreational activities for its citizens including fishing spots at Mongaup Pond State Park, skiing opportunities at Holiday Mountain Ski Resort, and golfing at Shawangunk Golf Club. Moreover, popular local companies such as The Ritz Hotel & Spa and Liberty Square Market provide unique dining experiences for its visitors. With a friendly atmosphere and close-knit community spirit, Monticello is an ideal place for families looking for a peaceful atmosphere yet still close to urban centers like Newburgh or Middletown.
Monticello has an unemployment rate of 6.7%. The US average is 6.0%.
Monticello has seen the job market increase by 6.0% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.
Tax Rates for Monticello
- The Sales Tax Rate for Monticello is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Monticello is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monticello
- The average income of a Monticello resident is $16,042 a year. The US average is $28,555 a year.
- The Median household income of a Monticello resident is $38,885 a year. The US average is $69,021 a year.