Monrovia, Indiana is a small, rural town located in Morgan County. It has a population of just over 1,500 people and offers its residents a tight knit community. The average two-bedroom rent in the area is $960 per month, which is significantly less than the US average of $1,430 per month. Additionally, there is a grocery cost index of 95 in Monrovia compared to a national average of 100. Local companies in Monrovia include Swigert's Grocery Store, Hale Excavating & Landscaping Inc., and G&J Auction Company. Each of these businesses provide goods and services to the local community giving it an even tighter knit feeling.
Monrovia (zip 46157) has an unemployment rate of 3.9%. The US average is 6.0%.
Monrovia (zip 46157) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Monrovia (zip 46157)
- The Sales Tax Rate for Monrovia (zip 46157) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Monrovia (zip 46157) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monrovia (zip 46157)
- The average income of a Monrovia (zip 46157) resident is $31,947 a year. The US average is $37,638 a year.
- The Median household income of a Monrovia (zip 46157) resident is $85,625 a year. The US average is $69,021 a year.