Monroe, IL County is a popular place to live due to its affordability. The rent for a two bedroom apartment averages around $1,000 making it much lower than the national average of $1,430. Additionally, the cost index for groceries in Monroe is 98 compared to 100 in the US. This county is home to several thriving businesses impacting the local economy such as Walmart, John Deere, and Unilever. These major companies employ thousands of locals and attract other businesses to the area like restaurants and retail stores. With more and more people moving into Monroe County due to its affordability and attractive job opportunities, this county will continue to grow and thrive.
Monroe County has an unemployment rate of 3.3%. The US average is 6.0%.
Monroe County has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher 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 5.0%. 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 $33,059 a year. The US average is $28,555 a year.
- The Median household income of a Monroe County resident is $92,950 a year. The US average is $69,021 a year.