Monticello, IA is a small city located in Jones County. It has a population of around 4,200 people and is known for its rural charm. The cost of living in Monticello is quite low with rent for two bedroom apartments costing only $780 per month. This is much lower than the US average of $1,430. Grocery prices are also below the national average with an index score of 96 versus 100 nationally.
In terms of local businesses, Monticello has an industrial park that houses companies such as Polar Manufacturing and Douds Stone & Supply Co. Additionally, there are several retail stores downtown including Kate's Stitchery Emporium and Perfectly Refined Boutique.
Monticello also has plenty to offer in terms of attractions. Some popular sites include the historic Jones County Courthouse as well as the Sip & Swirl Wine Bar. Nature lovers can explore the Calkins Nature Area or take a paddleboat ride at Lake Delhi Park. No matter what you're interested in, there's something for everyone to enjoy here in Monticello!
Monticello has an unemployment rate of 5.3%. The US average is 6.0%.
Monticello has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Monticello
- The Sales Tax Rate for Monticello is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Monticello 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 Monticello
- The average income of a Monticello resident is $32,210 a year. The US average is $37,638 a year.
- The Median household income of a Monticello resident is $57,851 a year. The US average is $69,021 a year.