Monroe, ME (Zip 04951) is an affordable place to live. The average two bedroom rent in Monroe is $1,170, which is 10% lower than the US average of $1,430. Additionally, the Grocery Cost Index for Monroe is 105 versus 100 for the US. This makes Monroe a great option for those looking to save money on living expenses. Local companies in Monroe include Mainely Packaging Inc., CO2 Solutions Inc., and Rich's Woodworking & Design Inc. Mainely Packaging provides custom packaging materials and solutions for businesses, while CO2 Solutions supplies carbon dioxide management services for homes and commercial buildings. Lastly, Rich’s Woodworking & Design specializes in custom cabinetry and furniture design with a focus on quality craftsmanship.
Monroe (zip 04951) has an unemployment rate of 5.5%. The US average is 6.0%.
Monroe (zip 04951) 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 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Monroe (zip 04951)
- The Sales Tax Rate for Monroe (zip 04951) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Monroe (zip 04951) is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monroe (zip 04951)
- The average income of a Monroe (zip 04951) resident is $22,021 a year. The US average is $28,555 a year.
- The Median household income of a Monroe (zip 04951) resident is $64,539 a year. The US average is $69,021 a year.