Monticello, MN (55362) is located in Wright County. It has a population of about 12,000 people and is considered a great place to raise a family. The median 2 Bedroom rent price for Monticello is $1,300 which is lower than the US average of $1,430. Furthermore, the cost of living index in Monticello is at 100 compared to that of the US which also stands at 100. \nIn terms of local companies, Monticello offers many from the highly acclaimed Central Minnesota Credit Union to major employers such as Lockheed Martin Corporation and Buffalo Wild Wings. All these businesses have helped make the city an attractive place for locals and newcomers alike. With its reasonable cost of living and variety of businesses, Monticello remains an ideal location to settle down for both families and singles alike.
Monticello (zip 55362) has an unemployment rate of 4.5%. The US average is 6.0%.
Monticello (zip 55362) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Monticello (zip 55362)
- The Sales Tax Rate for Monticello (zip 55362) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Monticello (zip 55362) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monticello (zip 55362)
- The average income of a Monticello (zip 55362) resident is $29,585 a year. The US average is $28,555 a year.
- The Median household income of a Monticello (zip 55362) resident is $83,714 a year. The US average is $69,021 a year.