Union County · North Carolina · South · 37k residents
Monroe, NC: economy, jobs & business costs
The site-selection read on Monroe: labor costs, talent, corporate tax, energy, and business activity, with the North Carolina median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,259/wk. North Carolina's corporate income tax rate is 2.25%. Commercial electricity averages 10.6¢/kWh.
Compare Monroe side by side
Avg. weekly wage
$1,259/wk
Corporate income tax
2.25%
Bachelor's degree or higher
24.1%
Commercial electricity
10.6¢/kWh
Economic momentum
How fast Monroe's economy is moving, ranked against the US cities we track.
63/100
Steady
Ranks Monroe's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $309,100 |
| Price per sq. ft. | $190 |
| Property tax rate | 0.82% |
| 1-bedroom rent | $908/mo |
| 2-bedroom rent | $1,158/mo |
| State & local income tax | 3.15% |
| Sales tax | 7% |
| Corporate income tax | 2.25% |
| Avg. weekly wage | $1,259/wk |
| Bachelor's degree or higher | 24.1% |
| Commercial electricity | 10.6¢/kWh |
| Businesses per 1k residents | 32.2/1k |
| Wage: Software developer | $135,920 |
| Wage: Registered nurse | $90,620 |
| Wage: General manager | $112,730 |
| Wage: Customer service | $44,980 |
| Wage: Warehouse worker | $37,440 |
| Wage: Heavy truck driver | $56,120 |
| Wage: Electrician | $59,080 |
| Wage: Retail salesperson | $33,580 |
| Cost of living index | 91 |
| Groceries index | 98 |
| Utilities | $155/mo |
| Transit pass | $55/mo |
| Gas price | $3.05/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,050/mo |
| Median household income | $72,540 |
| Unemployment rate | 3.8% |
| Population | 37k |
| Crime index | 48/100 |
| School rating | 6.0/10 |
| Walkability | 30/100 |
| Disaster risk | 89/100 |
| Avg. commute | 25 min |
| Sunny days / year | 213 days |
| July high | 91°F |
| January low | 30°F |
| Annual snowfall | 2 in |
| Home price YoY | +0.4% |
| Home price MoM | -0.2% |
| Rent YoY | -0.2% |
| Rent MoM | -0.3% |
| Employment (jobs) YoY | +5.2% |
| Building permits YoY | -46.2% |
| Ocean coast | 131 mi |
| Big lake | 41 mi |
| Mountains | 103 mi |
| Major airport | 26 mi |
| Ski resort | 107 mi |
Popular comparisons
Nearby
- Matthews, NC · 31k
- Indian Trail, NC · 42k
- Stallings, NC · 17k
- Waxhaw, NC · 22k
- Mint Hill, NC · 28k
Similar size
- Salisbury, NC · 36k
- Garner, NC · 34k
- Goldsboro, NC · 34k
- Fuquay-Varina, NC · 40k
- Cornelius, NC · 33k
Real listings in Monroe
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Monroe a good place to run a business?
- North Carolina's corporate income tax rate is 2.25%; average weekly wages in the surrounding labor market run $1,259/wk; commercial electricity averages 10.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Monroe, NC?
- Monroe indexes at 91 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,158/mo and a acs median home value of $309,100.
- How much does a house cost in Monroe?
- The acs median home value in Monroe is $309,100 (Census ACS estimate; individual listings vary).
- How much is rent in Monroe?
- A two-bedroom in Monroe rents for about $1,158/mo.