Monette, AR is a small town located in northeast Arkansas. It has a population of 1,300 people and offers a peaceful lifestyle with an affordable cost of living. Two bedroom rent in Monette is only $780 per month compared to the national average of $1,430. Grocery costs are also lower than the national average at 92 index points versus 100 in the US. There are several local businesses in Monette, such as a family-owned brick-and-mortar store, Gafford's Department Store, which offer residents competitive prices on everyday items. The low cost of living combined with local stores provides an opportunity for residents to save money on their everyday needs.
Monette has an unemployment rate of 3.9%. The US average is 6.0%.
Monette has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.
Tax Rates for Monette
- The Sales Tax Rate for Monette is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Monette is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monette
- The average income of a Monette resident is $28,134 a year. The US average is $37,638 a year.
- The Median household income of a Monette resident is $43,750 a year. The US average is $69,021 a year.