Monroe, MI County is a great place to live with its affordable cost of living and numerous amenities. The county's two bedroom rent is $1,070, significantly lower than the US average of $1,430. The grocery cost index in Monroe County is also very competitive, at 95 versus 100 across the US. Locals enjoy many local stores and businesses such as Meijer for groceries, Home Depot for home improvement supplies and Kohls for clothing. For entertainment purposes there are multiple cinemas and an array of restaurants to choose from including Applebee's, Outback Steakhouse, Cracker Barrel and more. This all makes Monroe a great destination to settle down without breaking the bank.
Monroe County has an unemployment rate of 5.6%. The US average is 6.0%.
Monroe County has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Monroe County
- The Sales Tax Rate for Monroe County is 6.0%. 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 $26,617 a year. The US average is $28,555 a year.
- The Median household income of a Monroe County resident is $68,006 a year. The US average is $69,021 a year.