Monroe, FL County is a great place to live due to its affordability and convenience. The average rent for a two-bedroom apartment in the area is $2,020 while the average for the US is only $1,430, making it more economical than other regions. Grocery Cost Index in Monroe also shows an index of 113 versus 100 in the US which suggests that prices tend to be lower than elsewhere.
The county offers a wide range of activities for visitors and locals alike. There are plenty of local eateries to explore such as Flamingo’s Restaurant or Little Cuba Café & Bar. Other popular attractions include Key West Cruise Ship Terminal and Pigeon Key Historic Site & Marine Science Center. Other leisure activities include visiting Gulf Coast beaches, Everglades National Park or taking part in fishing charters at American Dream Fishing Charters LLC. Additionally, Monroe County is home to many businesses such as Hobbs Construction Inc., Keys Energy Services or Martin Industries Inc.
Monroe County has an unemployment rate of 3.3%. The US average is 6.0%.
Monroe County has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 9.7%, which is lower than the US average of 33.5%.
Tax Rates for Monroe County
- The Sales Tax Rate for Monroe County is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Monroe County is 0.0%. 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 $34,424 a year. The US average is $28,555 a year.
- The Median household income of a Monroe County resident is $73,153 a year. The US average is $69,021 a year.