Monroe, CT is a town located in Fairfield County, Connecticut. The population as of 2018 was estimated to be 20,004. Monroe has an array of businesses and amenities including Kona Grill, Staples and the Sports Center of Connecticut. The 2 Bedroom rent in Monroe is significantly higher than the US average 2 Bedroom rent at $1,720 versus $1,430 respectively. Additionally, the grocery cost index for Monroe is 106 versus 100 in the US which shows that there is a slightly higher cost associated with groceries in Monroe. The cost of living difference between Monroe and the US can be seen through these statistics.
Monroe has an unemployment rate of 7.3%. The US average is 6.0%.
Monroe has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Monroe
- The Sales Tax Rate for Monroe is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Monroe is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monroe
- The average income of a Monroe resident is $48,639 a year. The US average is $28,555 a year.
- The Median household income of a Monroe resident is $127,995 a year. The US average is $69,021 a year.