Morenci, Michigan (49256) is a small town of just 2,800 people located in the south-central part of the state. It is known for its rural surroundings and close proximity to Columbus, Ohio. The median 2 bedroom rent price in Morenci is $880, which is much lower than the US average of $1430. Additionally, the Grocery Cost Index in Morenci stands at 92 versus 100 in the US on average. Local businesses include Stair Public Library, Mancino’s Pizza & Grinders and Don’s Discount Furniture Outlet. The cost of living here is quite low overall due to low rental prices compared to other cities across the country.
Morenci (zip 49256) has an unemployment rate of 5.5%. The US average is 6.0%.
Morenci (zip 49256) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Morenci (zip 49256)
- The Sales Tax Rate for Morenci (zip 49256) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morenci (zip 49256) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morenci (zip 49256)
- The average income of a Morenci (zip 49256) resident is $20,104 a year. The US average is $28,555 a year.
- The Median household income of a Morenci (zip 49256) resident is $45,813 a year. The US average is $69,021 a year.