39654 Monticello, MS is a small town situated in Lawrence County. It has a population of about 3,800 people. The 2 bedroom rent cost here is $820, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in 39654 Monticello is 96 compared to 100 in the US, making it more affordable to buy groceries here. \nThe local economy is made up of several family-owned businesses such as Goodson’s Hardware & Supply Co., G&W Tire & Auto Service, Monticello Family Pharmacy and Horseshoe Bend Country Club & Golf Course. With lower housing and grocery costs combined with easy access to quality services from local businesses, 39654 Monticello has an overall low cost of living.
Monticello (zip 39654) has an unemployment rate of 7.5%. The US average is 6.0%.
Monticello (zip 39654) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 18.7%, which is lower than the US average of 33.5%.
Tax Rates for Monticello (zip 39654)
- The Sales Tax Rate for Monticello (zip 39654) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Monticello (zip 39654) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monticello (zip 39654)
- The average income of a Monticello (zip 39654) resident is $23,021 a year. The US average is $37,638 a year.
- The Median household income of a Monticello (zip 39654) resident is $35,575 a year. The US average is $69,021 a year.