Monticello, MO is a small town located in the northern part of the state. The population is around 2,400 residents and offers a warm, inviting atmosphere. With its close proximity to St Louis and Kansas City, it is an ideal place for people who want to work in those larger cities but still have the peace and quiet of a rural setting. The 2 bedroom rent in Monticello is much lower than the national average - at only $720 compared to $1,430 for the US as a whole. Additionally, grocery cost index here is 97 versus 100 in the US. \nThe city is home to many businesses including Ozark Café & Grill, which has been serving customers since 1972; Monticello Metal Works Inc., which specializes in custom welding and fabrication services; as well as several other smaller businesses that specialize in local services such as landscaping, auto repair, and more. In addition to these companies, there are also many recreational opportunities available for residents such as hiking trails at Mark Twain National Forest or fishing at Lake Wappapello State Park. Monticello truly has something for everyone!
Monticello has an unemployment rate of 3.4%. The US average is 6.0%.
Monticello has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Monticello
- The Sales Tax Rate for Monticello is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Monticello is 5.9%. 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 $24,092 a year. The US average is $37,638 a year.
- The Median household income of a Monticello resident is $92,500 a year. The US average is $69,021 a year.