The city of Monterey, Louisiana, is a great option for people looking to rent a two-bedroom home. With an average 2 bedroom rent of $670, it is significantly lower than the US average of $1,430. This makes it much more affordable and allows residents to save money every month on housing costs. In addition to low rental prices in Monterey, the grocery cost index is 93 compared to 100 in the US. This means that residents can purchase their groceries at more affordable prices too.
Monterey has many local businesses that contribute to its economy including the M&K Grocery Store, Old Time Café, Loubet’s Furniture Store and Gator Cleaners. These businesses support local jobs and create a thriving community atmosphere in this small town.
Monterey (zip 71354) has an unemployment rate of 6.4%. The US average is 6.0%.
Monterey (zip 71354) has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 8.2%, which is lower than the US average of 33.5%.
Tax Rates for Monterey (zip 71354)
- The Sales Tax Rate for Monterey (zip 71354) is 9.2%. The US average is 7.3%.
- The Income Tax Rate for Monterey (zip 71354) 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 Monterey (zip 71354)
- The average income of a Monterey (zip 71354) resident is $24,471 a year. The US average is $28,555 a year.
- The Median household income of a Monterey (zip 71354) resident is $49,659 a year. The US average is $69,021 a year.