\n38573 Monroe, TN is a great place to live with an affordable cost of living. The average rent for a two bedroom in this area is only $740 per month, while the national average for two bedrooms is more than double that at $1,430. Grocery costs are also lower here with an index score of 94 versus the US average of 100. This makes it a great choice for people looking to save money without sacrificing quality of life. Additionally, there are many local companies to choose from in the area such as Monroe Home Center & Hardware Inc., TN Wireless Solutions LLC, and Dixie Auto Parts Inc., all offering unique services and products within the community.
Monroe (zip 38573) has an unemployment rate of 5.4%. The US average is 6.0%.
Monroe (zip 38573) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.
Tax Rates for Monroe (zip 38573)
- The Sales Tax Rate for Monroe (zip 38573) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Monroe (zip 38573) 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 38573)
- The average income of a Monroe (zip 38573) resident is $30,691 a year. The US average is $37,638 a year.
- The Median household income of a Monroe (zip 38573) resident is $44,583 a year. The US average is $69,021 a year.