Monument, OR is a small town with a population of around 4,000 people. It is well known for its low cost of living and affordable housing options. The average two bedroom rent in Monument, OR is only $1,080 compared to the national average of $1,430. In addition to lower rent prices, residents can also benefit from lower grocery costs with a grocery cost index of 102 versus 100 nationally.
The local economy is also thriving in Monument, OR with companies such as Monument Hardware & Supply Inc., Chelsea Roush Boutique and Sweet Nothings Bakery all providing goods and services to the community. There are also several banks including Chase Bank and Wells Fargo that are located in the area along with other retail stores like Rite Aid Pharmacy and Walmart Neighborhood Market.
Monument has an unemployment rate of 10.5%. The US average is 6.0%.
Monument has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Monument
- The Sales Tax Rate for Monument is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Monument is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monument
- The average income of a Monument resident is $16,678 a year. The US average is $28,555 a year.
- The Median household income of a Monument resident is $33,807 a year. The US average is $69,021 a year.