Monmouth, IL is a small city located in the Midwest region of the United States. It has a population of around 9,000 people and offers its residents affordable living with 2 bedroom rents averaging $700 per month. The grocery cost index in Monmouth is also above average compared to other parts of the US with an index score of 91 versus 100 in the US. Monmouth is home to several local businesses such as C & K Auto Repair, Landmark Bank and Roses Floral Design. For visitors, there are many attractions to visit such as the Warren County Historical Society Museum, Wallace Park and Raritan Riverfront Trail. Whether you are looking for affordable living or interesting sights to explore, Monmouth has something for everyone.
Monmouth has an unemployment rate of 5.1%. The US average is 6.0%.
Monmouth has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Monmouth
- The Sales Tax Rate for Monmouth is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Monmouth 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 Monmouth
- The average income of a Monmouth resident is $24,765 a year. The US average is $37,638 a year.
- The Median household income of a Monmouth resident is $54,400 a year. The US average is $69,021 a year.