Monroe, NY Economy


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Monroe, NY is a small village in the Hudson Valley region. According to the content above, the average two bedroom rent in Monroe is $1,830 which is higher than the US average of $1,430. Additionally, the Grocery Cost Index in Monroe is 105 which again is higher than the US index of 100. There are many local businesses and companies in Monroe such as Bove Fuel Company, Orange County Video Systems Inc., and Catseye Pest Control. These companies provide essential services to residents of Monroe.

Monroe has an unemployment rate of 6.1%. The US average is 6.0%.

Monroe has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.

Tax Rates for Monroe
- The Sales Tax Rate for Monroe is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Monroe is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Monroe
- The average income of a Monroe resident is $22,739 a year. The US average is $28,555 a year.
- The Median household income of a Monroe resident is $110,389 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMonroe, New YorkUnited States
  6.16
  -6.6%-6.2%
  28.6%33.5%
  8.1%6.2%
  6.2%4.6%
  $44,576$37,638
  $110,389$69,021
  $123,287$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  7.4%6.8%
  5.9%10.0%
  2.3%2.5%
  12.2%11.0%
  4.8%4.8%
  0.7%0.8%
  2.8%1.9%
  5.3%4.7%
  1.2%1.9%
  5.7%7.6%
  0.1%0.1%
  3.2%4.2%
  11.7%9.3%
  14.6%14.0%
  1.5%2.1%
  6.3%7.0%
  6.4%4.8%
  7.8%4.7%
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