Monmouth, IL can be a great place to live for those looking for an affordable and comfortable lifestyle. The city has a population of 61462 and is located in the state of Illinois. The average rent for a two bedroom apartment is $680, which is well below the national average of $1,430. Additionally, grocery costs in Monmouth are almost 10% cheaper than the national average with an index score of 91 compared to 100 nationally. Residents have access to several local businesses that provide essential services such as healthcare and shopping. Local hospitals include OSF Medical Group-Monmouth and McDonough District Hospital while stores like Walmart and Dollar General can provide necessities at reasonable prices. All these factors make Monmouth an attractive option for people looking for a quality place to live at an affordable rate.
Monmouth (zip 61462) has an unemployment rate of 5.1%. The US average is 6.0%.
Monmouth (zip 61462) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Monmouth (zip 61462)
- The Sales Tax Rate for Monmouth (zip 61462) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Monmouth (zip 61462) 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 Monmouth (zip 61462)
- The average income of a Monmouth (zip 61462) resident is $27,477 a year. The US average is $37,638 a year.
- The Median household income of a Monmouth (zip 61462) resident is $58,269 a year. The US average is $69,021 a year.