South Morgan, MO is a small town located in southwestern Missouri with an estimated population of around 4,000 people. It is known for its low cost of living and friendly locals. A two bedroom rental in South Morgan is much cheaper than the national average, coming in at $720 compared to $1,430 on average across the US. The grocery cost index for South Morgan is also much lower than the national average, with an index of 93 versus 100 nationally. As a result, it’s possible to live comfortably on a budget in this area. South Morgan provides access to local companies such as KFC and Dollar General which are popular among residents. It’s easy to see why living in South Morgan can be so affordable – making it ideal for those looking for a peaceful place to call home without breaking the bank.
South Morgan has an unemployment rate of 3.5%. The US average is 6.0%.
South Morgan has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for South Morgan
- The Sales Tax Rate for South Morgan is 6.5%. The US average is 7.3%.
- The Income Tax Rate for South Morgan is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for South Morgan
- The average income of a South Morgan resident is $19,174 a year. The US average is $28,555 a year.
- The Median household income of a South Morgan resident is $54,643 a year. The US average is $69,021 a year.