Monument, PA Economy


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Monument, PA is a small town located in southeastern Pennsylvania. It has a charming, close-knit community with a population of around 1,200 people. Rents for two-bedroom apartments are slightly lower than the US average at $1,130 per month. Additionally, Monument has grocery costs that are slightly below the national average index of 100, with an index of 101. This provides residents with significant savings when purchasing groceries. Despite being small in size, Monument offers many amenities to its residents. Local companies and services include banks such as Citizens Bank and Susquehanna Bank, retailers like Walmart and Weis Markets, Monument Pizza Palace for dining out, and the new fitness center Fitness Revolution for exercise classes. As such, Monument provides all the basic necessities and some luxuries for its citizens to enjoy.

Monument has an unemployment rate of 4.9%. The US average is 6.0%.

Monument has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.

Tax Rates for Monument
- The Sales Tax Rate for Monument is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Monument is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Monument
- The average income of a Monument resident is $18,319 a year. The US average is $28,555 a year.
- The Median household income of a Monument resident is $21,484 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMonument, PennsylvaniaUnited States
  4.96
  -6.9%-6.2%
  27.3%33.5%
  6.0%6.2%
  3.1%4.6%
  $16,849$37,638
  $21,484$69,021
Family Median Income 85028
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