Monticello, Maine (04760) is a small town located in the northern part of the state. The median two-bedroom rent is $850 per month, which is nearly $600 less than the national average. Additionally, the cost of groceries in Monticello is 4% higher than the national index.
Monticello itself has a population of 564 citizens and does not have many large companies operating within its boundaries. The primary employers include local grocery stores such as Pat's IGA Supermarket, construction companies like J & J Builders and Renovations, and energy providers such as Central Maine Power. Other businesses in and around Monticello include specialty retailers like Northern Outfitters and Muddy Paw Dog Grooming, restaurants such as the Patrick's Pub & Grille, repair shops like Big Bubba's Auto Repair, and medical facilities such as Katahdin Valley Health Center.
Monticello (zip 04760) has an unemployment rate of 5.9%. The US average is 6.0%.
Monticello (zip 04760) has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Monticello (zip 04760)
- The Sales Tax Rate for Monticello (zip 04760) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Monticello (zip 04760) 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 Monticello (zip 04760)
- The average income of a Monticello (zip 04760) resident is $27,119 a year. The US average is $37,638 a year.
- The Median household income of a Monticello (zip 04760) resident is $42,321 a year. The US average is $69,021 a year.