Morrill, NE is a small town located in Cheyenne County with a population of around 300 people. It is a quiet rural town where the inhabitants enjoy a peaceful lifestyle. Morrill is home to several local businesses such as Morrill Lumber Company, Morrill Tack & Feed Inc., and Two Sons Tire & Automotive Repair.
The cost of living in Morrill is much lower than the US average due to its low rental rates and grocery cost index. 2 Bedroom rent in Morrill costs $870 compared to $1,430 across US while Grocery Cost Index is 97 versus 100 on US average making it an ideal place for people looking for an affordable lifestyle.
Morrill has an unemployment rate of 2.9%. The US average is 6.0%.
Morrill 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 22.8%, which is lower than the US average of 33.5%.
Tax Rates for Morrill
- The Sales Tax Rate for Morrill is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Morrill is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morrill
- The average income of a Morrill resident is $24,940 a year. The US average is $28,555 a year.
- The Median household income of a Morrill resident is $36,840 a year. The US average is $69,021 a year.