Monmouth, KS is a small town located in the Midwest. The cost of living is relatively low; the average rent for a two-bedroom apartment is $930 and the Grocery Cost Index in Monmouth, KS is 100 versus 100 in the US. The town has plenty of local businesses and amenities to suit all needs. Some notable businesses include D&D Hardware Store, El Toro Tex-Mex Restaurant, and Nails By Lisa Beauty Salon. For recreational activities residents can visit Monmouth City Park or take a stroll along the historic Main Street. With its charm and easy access to major cities like Kansas City, Monmouth, KS makes an ideal place to call home.
Monmouth has an unemployment rate of 3.6%. The US average is 6.0%.
Monmouth has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 24.3%, which is lower than the US average of 33.5%.
Tax Rates for Monmouth
- The Sales Tax Rate for Monmouth is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Monmouth is 5.7%. 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 $37,903 a year. The US average is $28,555 a year.
- The Median household income of a Monmouth resident is $88,160 a year. The US average is $69,021 a year.