In Monroe, Louisiana (zip code 71201), the average 2 bedroom rent is $910, which is significantly lower than the US average of $1,430. Furthermore, the Grocery Cost Index in Monroe is 94 versus 100 in the US. Consequently, Monroe offers cheaper living costs for those looking to relocate. Popular local companies include CenturyLink, Delta Air Lines, and Cox Communications who all have headquarters in Monroe. Other important companies in the area are IBM Corporation and P&S Surgical Hospital. With so many great career opportunities and low living costs, Monroe is a great place to live and work.
Monroe (zip 71201) has an unemployment rate of 7.8%. The US average is 6.0%.
Monroe (zip 71201) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Monroe (zip 71201)
- The Sales Tax Rate for Monroe (zip 71201) is 10.4%. The US average is 7.3%.
- The Income Tax Rate for Monroe (zip 71201) 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 Monroe (zip 71201)
- The average income of a Monroe (zip 71201) resident is $34,977 a year. The US average is $28,555 a year.
- The Median household income of a Monroe (zip 71201) resident is $51,550 a year. The US average is $69,021 a year.