Monticello, ME is a small rural town with a variety of local businesses. People in the area enjoy local cuisine at places like The Galley Restaurant or Southside Takeout. Shopping can be done at stores like Monticello Country Store or Bristol Market. For entertainment, visitors can take in a show at The Performing Arts Center of Monticello. Cost of living is fairly low in Monticello with 2 bedroom rent costing $850 compared to the US average of $1,430 and groceries have an index of 104 versus 100 in the US. Overall, Monticello is a great place to live for those looking for an affordable lifestyle.
Monticello has an unemployment rate of 6.7%. The US average is 6.0%.
Monticello 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 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Monticello
- The Sales Tax Rate for Monticello is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Monticello is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monticello
- The average income of a Monticello resident is $17,814 a year. The US average is $28,555 a year.
- The Median household income of a Monticello resident is $42,321 a year. The US average is $69,021 a year.