Monterey, LA is an affordable and convenient city to live in. It has a rent of $690 for two bedrooms, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index for Monterey is 93 versus 100 in the US, so groceries are relatively inexpensive. As such it makes Monterey an ideal place to live if you're looking for affordability. The city also has a number of local companies that have been operating here for many years such as Monterey Funeral Home, Bayou Land Tours, and Dockside Marine Center.
Monterey has an unemployment rate of 6.4%. The US average is 6.0%.
Monterey has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 8.2%, which is lower than the US average of 33.5%.
Tax Rates for Monterey
- The Sales Tax Rate for Monterey is 9.2%. The US average is 7.3%.
- The Income Tax Rate for Monterey is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monterey
- The average income of a Monterey resident is $32,207 a year. The US average is $28,555 a year.
- The Median household income of a Monterey resident is $39,625 a year. The US average is $69,021 a year.