Zip 28112 (Monroe, NC) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
28112 Monroe, NC is an excellent place to live and work. With an affordable two-bedroom rental cost of only $1,070 per month compared to the national average of $1,430, it's great for families or anyone looking to save money. Local businesses such as Goodwill Industries of the Southern Piedmont and Wells Fargo Bank are located in this area, allowing residents easy access to major retailers and essential services. Residents can also take advantage of local grocery stores at a lower cost index than the US average. All in all, 28112 Monroe is an ideal place to settle down with its affordable housing and variety of amenities.

Monroe (zip 28112) has an unemployment rate of 5.3%. The US average is 6.0%.

Monroe (zip 28112) has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 41.6%, which is higher than the US average of 33.5%.

Tax Rates for Monroe (zip 28112)
- The Sales Tax Rate for Monroe (zip 28112) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Monroe (zip 28112) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Monroe (zip 28112)
- The average income of a Monroe (zip 28112) resident is $21,771 a year. The US average is $28,555 a year.
- The Median household income of a Monroe (zip 28112) resident is $61,111 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMonroe, North CarolinaUnited States
  5.36
  -5.6%-6.2%
  41.6%33.5%
  6.8%6.2%
  5.3%4.6%
  $29,052$37,638
  $61,111$69,021
  $72,813$85,028
  Population by Occupation
  2.4%1.2%
  0.1%0.5%
  10.9%6.8%
  15.8%10.0%
  3.8%2.5%
  13.3%11.0%
  2.9%4.8%
  0.7%0.8%
  1.0%1.9%
  2.0%4.7%
  2.0%1.9%
  4.7%7.6%
  0.4%0.1%
  3.7%4.2%
  7.1%9.3%
  11.0%14.0%
  0.8%2.1%
  7.1%7.0%
  6.0%4.8%
  4.2%4.7%
Health