Morgantown, MS is a small town near the Mississippi River with rich history. The city offers affordable rent for two-bedroom apartments at $730, which is much lower than the $1430 average rent in the US. In addition to competitive rental prices, Morgantown also has a low grocery cost index of 96 compared to 100 across the country. \nThe town is home to many companies such as Parkway Bank, Weaver Custom Homes, and New Era Lawn Care & Landscaping Services that help to provide jobs to the local population. For those looking for something to do in Morgantown there are plenty of options; visitors can enjoy fishing and boating along the riverfront or explore interesting historic sites like Grand Village of the Natchez Indians.
Morgantown has an unemployment rate of 9.7%. The US average is 6.0%.
Morgantown has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 19.6%, which is lower than the US average of 33.5%.
Tax Rates for Morgantown
- The Sales Tax Rate for Morgantown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Morgantown 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 Morgantown
- The average income of a Morgantown resident is $12,597 a year. The US average is $28,555 a year.
- The Median household income of a Morgantown resident is $36,349 a year. The US average is $69,021 a year.