Monmouth, ME is a small town located in Kennebec County with a population of approximately 2,200 people. It is known for its picturesque scenery and quiet atmosphere. The rent for a two bedroom apartment in Monmouth is significantly cheaper than the US average at $950 compared to $1,430. In addition, grocery costs here are 7 percent higher than the national average index of 100.
Local businesses in Monmouth include Trenton Bridge Lobster Pound which is famous for its fresh seafood, Shaw’s Supermarket which offers groceries at reasonable prices and plenty of other local stores and restaurants that make up this quaint downtown area.
In conclusion, Monmouth has a great deal to offer at an affordable price tag when compared to other towns across the country; it's cost of living is lower than the national average but still provides access to quality goods and services from local companies.
Monmouth has an unemployment rate of 4.6%. The US average is 6.0%.
Monmouth has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Monmouth
- The Sales Tax Rate for Monmouth is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Monmouth 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 Monmouth
- The average income of a Monmouth resident is $28,973 a year. The US average is $28,555 a year.
- The Median household income of a Monmouth resident is $63,981 a year. The US average is $69,021 a year.