Monticello, KY is a small town located in Kentucky with a population of around 4,300 people. The area offers an affordable cost of living compared to the US as a whole. Rent for two bedrooms in Monticello is only $680 compared to the US average of $1,430 and the Grocery Cost Index in this city is 93 versus 100 in the US. This makes it attractive for those looking to save money without sacrificing quality of life. Monticello has plenty to offer when it comes to shopping and dining options. It’s home to some local companies like Dorton Pharmacy, Daniel Jewelers, and Capital Business Systems Inc., which provide services such as jewelry repair, prescription refills, and office supplies. For those who want to explore outdoors, there are also numerous hiking trails and parks nearby.
Monticello (zip 42633) has an unemployment rate of 5.4%. The US average is 6.0%.
Monticello (zip 42633) has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Monticello (zip 42633)
- The Sales Tax Rate for Monticello (zip 42633) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Monticello (zip 42633) is 6.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monticello (zip 42633)
- The average income of a Monticello (zip 42633) resident is $15,758 a year. The US average is $28,555 a year.
- The Median household income of a Monticello (zip 42633) resident is $41,247 a year. The US average is $69,021 a year.