Monon, IN is a small town with a population of just over 1,000 people. It's located in White County and is home to several local companies as well as popular restaurants and attractions. The cost of living in Monon is quite affordable compared to other places in the US. For example, the average cost of rent for a two-bedroom apartment is $870 whereas it's $1,430 nationwide. The grocery cost index in Monon is 92 while it's 100 nationally.
Local companies include Monon Outdoor Power Sales & Service, Inc., Barry’s Automotive Repair Center, and PCM Services Inc. There are also several eateries such as Mad Boar Bar & Grill, Oasis Pizzeria & Sports Bar, and Country Kitchen Café. Tourists come to Monon for its natural beauty - nearby parks include Wildcat Creek Park and Tippecanoe River State Park where visitors can enjoy hiking trails, fishing spots, picnic areas, and more!
Monon has an unemployment rate of 3.4%. The US average is 6.0%.
Monon has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Monon
- The Sales Tax Rate for Monon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Monon is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monon
- The average income of a Monon resident is $16,022 a year. The US average is $28,555 a year.
- The Median household income of a Monon resident is $51,818 a year. The US average is $69,021 a year.