Morgantown, WV Metro Area is a great place to live and work. Local companies such as Mylan Pharmaceuticals, WVU Medicine, and Energy Systems Group are just a few of the major employers in the area. Rent for two bedroom apartments is much lower than the US average at $980 per month compared to $1,430 nationally. Grocery costs are also lower than other parts of the nation with a Grocery Cost Index of 98 versus 100 nationwide. All these factors make Morgantown an attractive location for those looking for a stable career and affordable living costs.
Morgantown Metro Area has an unemployment rate of 4.6%. The US average is 6.0%.
Morgantown Metro Area 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 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Morgantown Metro Area
- The Sales Tax Rate for Morgantown Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morgantown Metro Area is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morgantown Metro Area
- The average income of a Morgantown Metro Area resident is $24,884 a year. The US average is $28,555 a year.
- The Median household income of a Morgantown Metro Area resident is $56,312 a year. The US average is $69,021 a year.