Monona, Wisconsin is a small community located just south of Madison. It has a population of over 7,000 people and is known for its diversity and vibrant culture. The area has many local businesses such as Monona Tire and Auto, Monona Family Restaurant, and Monona Cleaners. Rent for a two-bedroom apartment in the area is $1,290 which is much lower than the average US rent price of $1,430. Additionally, the grocery cost index in Monona is 97 versus 100 nationally making it an affordable place to live.
Monona has an unemployment rate of 3.5%. The US average is 6.0%.
Monona has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 37.8%, which is higher than the US average of 33.5%.
Tax Rates for Monona
- The Sales Tax Rate for Monona is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Monona is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monona
- The average income of a Monona resident is $37,012 a year. The US average is $28,555 a year.
- The Median household income of a Monona resident is $82,579 a year. The US average is $69,021 a year.