Monroe, VA is a small town with an estimated population of 24,574 people. It is located in the foothills of the Blue Ridge Mountains and has a cost of living index that is slightly lower than that of the US average. Two-bedroom rental prices in Monroe are around $900 per month, which is much lower than the US average of $1,430 per month for two bedrooms. The Grocery Cost Index in Monroe is 98 compared to 100 in the US. In terms of local businesses and services, Monroe has popular restaurants such as La Carreta Mexican Restaurant and Jordan's Country Café; banks like Bank Of America; shopping centers like Valley View Shopping Center and Wal-Mart Supercenter; entertainment venues like Enchantment Theatre Company; as well as many other services such as auto mechanics and gas stations.
Monroe (zip 24574) has an unemployment rate of 4.8%. The US average is 6.0%.
Monroe (zip 24574) has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Monroe (zip 24574)
- The Sales Tax Rate for Monroe (zip 24574) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Monroe (zip 24574) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monroe (zip 24574)
- The average income of a Monroe (zip 24574) resident is $23,867 a year. The US average is $28,555 a year.
- The Median household income of a Monroe (zip 24574) resident is $62,500 a year. The US average is $69,021 a year.