Monroe, AR County is an excellent place to live for those looking for a low-cost of living. Rent for a two bedroom apartment in Monroe County is $720 per month, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Monroe County is 91 compared to the national average of 100. This makes it easy to save money while still enjoying all that Monroe County has to offer. The county is home to several businesses such as Arkadelphia Public Schools, SouthArk Community College, and FNBC Bank Corp. No matter what your needs are, you can likely find them in Monroe County at a cost that works with your budget.
Monroe County has an unemployment rate of 6.1%. The US average is 6.0%.
Monroe County has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 10.6%, which is lower than the US average of 33.5%.
Tax Rates for Monroe County
- The Sales Tax Rate for Monroe County is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Monroe County is 6.9%. 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 $17,571 a year. The US average is $28,555 a year.
- The Median household income of a Monroe County resident is $41,667 a year. The US average is $69,021 a year.