Monroe charter township, MI is a great place to live with lots of amenities. Located near Detroit, it offers a variety of local businesses including Monroe Bank & Trust, Monroe County Community Credit Union, and DTE Energy. The cost of living is relatively low compared to US averages: 2 bedroom rent is $1,000 as opposed to $1,430 nationally and the Grocery Cost Index in Monroe Charter Township is 93 versus 100 in the US. There are many other opportunities for shopping, dining and entertainment that can make living in Monroe Charter Township an affordable option for those who wish to be close to Detroit.
Monroe charter has an unemployment rate of 5.6%. The US average is 6.0%.
Monroe charter has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Monroe charter
- The Sales Tax Rate for Monroe charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Monroe charter is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monroe charter
- The average income of a Monroe charter resident is $33,287 a year. The US average is $37,638 a year.
- The Median household income of a Monroe charter resident is $61,309 a year. The US average is $69,021 a year.