Monroe, TN County is a great place to live for those looking for reasonable housing costs and lower cost of living. 2 bedroom rent in Monroe, TN County is much more affordable than the US average at $750 compared to $1,430 respectively. The Grocery Cost Index is also much lower with a value of 96 compared to 100 in the US This makes Monroe, TN an attractive option for home buyers and renters alike. The county also offers many local companies that appeal to a variety of interests. For example, Walgreens, CVS Pharmacies and Dollar General stores are popular outlets for groceries and everyday items. Additionally, there are several restaurants such as Applebee’s and Donut Palace that offer delicious dining options. Overall, Monroe County provides an excellent quality of life with its affordable housing market and diverse list of local companies.
Monroe County has an unemployment rate of 5.1%. The US average is 6.0%.
Monroe County has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 41.1%, which is higher than the US average of 33.5%.
Tax Rates for Monroe County
- The Sales Tax Rate for Monroe County is 9.4%. 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 $24,921 a year. The US average is $37,638 a year.
- The Median household income of a Monroe County resident is $48,488 a year. The US average is $69,021 a year.