Monticello, UT is a small city located in Utah with an estimated population of 2,100. It is known for its scenic landscapes and outdoor activities. The cost of living in Monticello is significantly lower than the national average, with a two bedroom rent at $810 while the US two bedroom rent is $1,430. In addition to rent, groceries also cost less in Monticello. According to the Grocery Cost Index, the cost of groceries in Monticello is 91 compared to 100 in the US. \nMonticello offers businesses such as Pizza Hut, San Juan Dental Associates and Four Corners Auto Sales. These companies provide essential services to citizens of Monticello and allow them access to goods and services they need without having to leave town or pay more than necessary. When comparing costs and local businesses in Monticello with those in other parts of the United States, it’s clear that residents here have much more affordable options than elsewhere.
Monticello has an unemployment rate of 7.0%. The US average is 6.0%.
Monticello has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Monticello
- The Sales Tax Rate for Monticello is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Monticello is 5.0%. 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 $17,411 a year. The US average is $28,555 a year.
- The Median household income of a Monticello resident is $68,807 a year. The US average is $69,021 a year.