Morgan, AL County is an attractive place to live due to its low cost of living. The average two bedroom rent in the county is only $800 compared to the US average of $1,430. Additionally, Morgan County's Grocery Cost Index is 94 versus 100 in the US. This makes it easier for residents to afford basic necessities. Local businesses within the area include supermarkets such as Piggly Wiggly and Winn-Dixie, as well as convenience stores like Circle K and 7-Eleven. These businesses provide access to quality products and services at affordable prices which helps keep costs low for those living in Morgan County.
Morgan County has an unemployment rate of 2.4%. The US average is 6.0%.
Morgan County has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Morgan County
- The Sales Tax Rate for Morgan County is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Morgan County is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morgan County
- The average income of a Morgan County resident is $30,412 a year. The US average is $37,638 a year.
- The Median household income of a Morgan County resident is $56,128 a year. The US average is $69,021 a year.