Monee, IL Economy


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Monee, Illinois is a small town located in Will County with a population of 5,383 people. It offers an affordable cost of living compared to the US average – 2 Bedroom Rent in Monee is $1,320, which is $110 less than the US 2 Bedroom Rent of $1,430. Similarly, the Grocery Cost Index in Monee stands at 96 versus 100 in the US. \nThe town has many small businesses including Reichelt Plumbing Inc., The Hungry Bear Restaurant & Bakery and NAPA Auto Parts. There are also many attractions such as Peotone Park District, White Oak Library District and Wilton Center Nature & Conservation Area for outdoor activities.

Monee has an unemployment rate of 7.1%. The US average is 6.0%.

Monee has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.

Tax Rates for Monee
- The Sales Tax Rate for Monee is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Monee 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 Monee
- The average income of a Monee resident is $34,065 a year. The US average is $28,555 a year.
- The Median household income of a Monee resident is $79,013 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMonee, IllinoisUnited States
  7.16
  -9.5%-6.2%
  27.9%33.5%
  7.0%6.2%
  5.0%4.6%
  $47,092$37,638
  $79,013$69,021
  $110,865$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  11.0%6.8%
  4.3%10.0%
  2.4%2.5%
  16.8%11.0%
  21.9%4.8%
  0.7%0.8%
  2.1%1.9%
  3.6%4.7%
  1.7%1.9%
  10.0%7.6%
  0.0%0.1%
  1.9%4.2%
  4.4%9.3%
  10.2%14.0%
  0.0%2.1%
  1.7%7.0%
  3.8%4.8%
  3.1%4.7%
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