Monroe, SD is an ideal place to live for those looking for a affordable yet quality lifestyle. With a two bedroom rent at only $810 per month, it is significantly cheaper than the national average of $1,430. Not only that, but the grocery cost index in Monroe is 96 versus 100 in the US. This means that groceries are even more affordable here than much of the rest of the country. Additionally, Monroe boasts numerous local businesses such as Monroe Video & Game Exchange and South Dakota Bail Enforcement LLC. These companies provide local residents with unique services and job opportunities.
Monroe (zip 57047) has an unemployment rate of 2.8%. The US average is 6.0%.
Monroe (zip 57047) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Monroe (zip 57047)
- The Sales Tax Rate for Monroe (zip 57047) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Monroe (zip 57047) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monroe (zip 57047)
- The average income of a Monroe (zip 57047) resident is $22,385 a year. The US average is $28,555 a year.
- The Median household income of a Monroe (zip 57047) resident is $43,833 a year. The US average is $69,021 a year.