Monmouth, OR (97361) is a charming city located in the mid-Willamette Valley. It is home to a variety of businesses, such as the Monmouth Bookstore, Chicks' Nest Gifts & Boutique, and Bumblebee Coffee. The average 2 bedroom rent in Monmouth is $1,280 per month making it slightly more affordable than the US average of $1,430. Grocery cost index here is also lower than the US at 101 versus 100. With its many local businesses and relatively low housing and living costs, Monmouth is an attractive destination for those looking for a small-town atmosphere with plenty of amenities.
Monmouth (zip 97361) has an unemployment rate of 5.9%. The US average is 6.0%.
Monmouth (zip 97361) has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 42.6%, which is higher than the US average of 33.5%.
Tax Rates for Monmouth (zip 97361)
- The Sales Tax Rate for Monmouth (zip 97361) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Monmouth (zip 97361) is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monmouth (zip 97361)
- The average income of a Monmouth (zip 97361) resident is $20,974 a year. The US average is $28,555 a year.
- The Median household income of a Monmouth (zip 97361) resident is $59,896 a year. The US average is $69,021 a year.