Monroe City, IN is an affordable place to live with a cost of living significantly lower than the national average. The rent for 2 bedroom apartments is approximately $840 per month, while the US average is nearly double that amount. Additionally, grocery costs in Monroe City are 90 compared to 100 in the US on average. \nFor those looking to work close to home, there are many diverse industries located within Monroe City limits including banking, health care, manufacturing, retail and more. Top local employers include Monroe Bank & Trust Co., St Vincent Hospital and OSI Group LLC. There are also plenty of cultural attractions to explore such as the Art Museum of Greater Lafayette and Monon Winery.
Monroe City has an unemployment rate of 3.8%. The US average is 6.0%.
Monroe City has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Monroe City
- The Sales Tax Rate for Monroe City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Monroe City is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monroe City
- The average income of a Monroe City resident is $22,529 a year. The US average is $28,555 a year.
- The Median household income of a Monroe City resident is $62,917 a year. The US average is $69,021 a year.