Monroe, MI is a vibrant city located in Michigan with a population of 48162. The average two bedroom rental rate in Monroe is $990 compared to the US average of $1430. Additionally, grocery costs index in Monroe is 94 versus 100 in the US. Monroe has many local businesses such as Carpet World, Midas Auto Service Experts and Meijer that offer more than just goods and services to its local citizens. It also offers activities for its citizens such as outdoor recreation like fishing and hiking at Sterling State Park. There are also several restaurants like Playmakers Sports Bar & Grill and Phoenix Brewing Company that bring people together to enjoy great food and drinks.
Monroe (zip 48162) has an unemployment rate of 5.6%. The US average is 6.0%.
Monroe (zip 48162) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Monroe (zip 48162)
- The Sales Tax Rate for Monroe (zip 48162) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Monroe (zip 48162) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monroe (zip 48162)
- The average income of a Monroe (zip 48162) resident is $24,957 a year. The US average is $28,555 a year.
- The Median household income of a Monroe (zip 48162) resident is $64,423 a year. The US average is $69,021 a year.