Monmouth, CA is a small city located in the northern region of California. It is known for its low rent prices, making it an attractive destination for those looking for affordable living options. The average two-bedroom rent price in Monmouth is $1,260 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Monmouth stands at 98 versus 100 in the United States.
Due to its affordability and convenience, many locals have chosen to make Monmouth their home. There are several local companies who provide assistance with costs such as rent and utilities including Monmouth Management Group and Blue Diamond Financial Solutions. Furthermore, there are plenty of retail shops that offer products at competitive prices such as Walmart and Dollar General. With its low cost of living and friendly community atmosphere, Monmouth is an ideal place to live or visit.
Monmouth has an unemployment rate of 9.9%. The US average is 6.0%.
Monmouth has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Monmouth
- The Sales Tax Rate for Monmouth is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Monmouth is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monmouth
- The average income of a Monmouth resident is $15,705 a year. The US average is $28,555 a year.
- The Median household income of a Monmouth resident is $36,389 a year. The US average is $69,021 a year.