Morgan, IN County is an attractive area for people who want to settle down. It is located in the Midwest and offers a range of activities from fishing to hiking. The rent on two-bedroom apartments is relatively cheaper compared to the national average at $1,070 per month versus the US average of $1,430 per month. Additionally, grocery costs are lower than the US average with an index of 94 versus 100 in the US. This makes Morgan, IN County an ideal place for those looking for a more affordable lifestyle.
The local companies in Morgan, IN County are diverse. Companies such as Toyota Motor Manufacturing Indiana and Walmart employ thousands of local residents with competitive salaries that reflect the cost of living in this region. There are also many smaller businesses such as restaurants and stores which enable locals to gain employment within their community while earning a good wage rate. All in all, Morgan, IN County provides a great opportunity for those looking for work or a place to settle down due to its low cost of living and wide range of employment opportunities.
Morgan County has an unemployment rate of 3.9%. The US average is 6.0%.
Morgan County has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Morgan County
- The Sales Tax Rate for Morgan County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Morgan County is 6.0%. 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 $25,245 a year. The US average is $28,555 a year.
- The Median household income of a Morgan County resident is $71,882 a year. The US average is $69,021 a year.