Monona, IA is a small town in Iowa with a population of 4,071. It is considered by many to be an affordable place to live as it offers relatively lower than average rental rates, with the current 2 Bedroom rent being $810 compared to the U.S. average of $1,430. Additionally, the grocery cost index in Monona is 94 versus 100 in the US. Some of the notable companies found in Monona include Monona State Bank and J L Richards & Associates Ltd., both of which are key employers in this region.
Monona has an unemployment rate of 6.6%. The US average is 6.0%.
Monona has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Monona
- The Sales Tax Rate for Monona is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Monona is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monona
- The average income of a Monona resident is $35,989 a year. The US average is $37,638 a year.
- The Median household income of a Monona resident is $54,773 a year. The US average is $69,021 a year.