Monroe, Louisiana (ZIP 71202) is a medium-sized city located near the Arkansas border. It is populated by almost 49,000 people and has an average 2 bedroom rent of $780, which is substantially lower than the US average of $1,430. The Grocery Cost Index for Monroe is also slightly lower than the national average at 89 versus 100 in the US. Monroe boasts several locally-owned businesses such as Richwood Creations & Floral Designs that specialize in floral decorations and gifts, J&J Printing Press that provides quality printing services to local businesses and residents, and CJ’s BBQ Shack that serves up some of the best barbecue in Louisiana.
Monroe (zip 71202) has an unemployment rate of 7.8%. The US average is 6.0%.
Monroe (zip 71202) has seen the job market decrease by -3.8% 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 71202)
- The Sales Tax Rate for Monroe (zip 71202) is 10.4%. The US average is 7.3%.
- The Income Tax Rate for Monroe (zip 71202) 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 71202)
- The average income of a Monroe (zip 71202) resident is $13,008 a year. The US average is $37,638 a year.
- The Median household income of a Monroe (zip 71202) resident is $24,866 a year. The US average is $69,021 a year.