Monroe, IN County is a great place to live due to its affordability and location. The average 2 bedroom rent in Monroe, IN County is $1120 compared to the US average of $1430. Grocery costs are also lower than the national average with a grocery cost index of 96 compared to 100 in the US. This makes living in Monroe, IN County an attractive option for those looking for some financial relief. Local companies such as NAPA Auto Parts, Hartzell Hardwoods, Industrial Steel Treating Company and Upland Brewing Company all contribute to the local economy and provide job opportunities for residents of Monroe, IN County.
Monroe County has an unemployment rate of 4.1%. The US average is 6.0%.
Monroe County has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Monroe County
- The Sales Tax Rate for Monroe County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Monroe County is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monroe County
- The average income of a Monroe County resident is $23,837 a year. The US average is $28,555 a year.
- The Median household income of a Monroe County resident is $54,096 a year. The US average is $69,021 a year.