Monroe City, MO is a great place to live and work. The cost of living is much lower than the national average which makes it an attractive option for those who want to save money. The average 2 Bedroom rent is only $720 compared to the US average of $1,430. Grocery costs are also below the national average with an index score of 94 versus 100 in the US. Monroe City has many local businesses and attractions such as Smith's Grocery Store, Monroe City Lanes bowling alley, and the Monroe City Museum of Art. With its low cost of living and local attractions, Monroe City is an ideal place to call home.
Monroe City has an unemployment rate of 4.9%. The US average is 6.0%.
Monroe City has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Monroe City
- The Sales Tax Rate for Monroe City is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Monroe City 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 Monroe City
- The average income of a Monroe City resident is $23,895 a year. The US average is $37,638 a year.
- The Median household income of a Monroe City resident is $47,033 a year. The US average is $69,021 a year.