Monroe, OH is a great place to live for those looking for an affordable lifestyle. The average two-bedroom rent cost is $1,410, which is significantly less than the national average of $1,430. Furthermore, the Grocery Cost Index in Monroe stands at 99 compared to 100 in the US. This makes it an ideal city for people who are budget conscious.
When it comes to jobs and local businesses, Monroe offers plenty of opportunities. The city is home to several large companies such as Marathon Petroleum Corporation and Procter & Gamble. Additionally, Monroe has a thriving small business community with organizations like Viva La Dog Spa and Pet Resort providing services in the area.
Living in Monroe also offers many advantages beyond affordability. The town boasts outdoor recreation areas such as Caesar Creek State Park and easily accessible amenities like shopping centers and hospitals. Families can find plenty of quality elementary schools nearby while college students will appreciate being within driving distance of universities such as Miami University and Cedarville University. There’s no shortage of cultural attractions either; residents can enjoy excellent restaurants that serve traditional Southern cuisine or catch shows at the local theater or art gallery. With its central Ohio location, Monroe provides easy access to major cities like Dayton and Columbus while still offering a quiet suburban atmosphere that allows residents to escape from busy city life whenever they need a break.
Monroe has an unemployment rate of 4.1%. 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 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Monroe
- The Sales Tax Rate for Monroe is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Monroe is 4.7%. 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 $27,199 a year. The US average is $28,555 a year.
- The Median household income of a Monroe resident is $93,404 a year. The US average is $69,021 a year.