Morrison, OK is a small town located in the plains of Oklahoma. It has a population of around 2,000 people and is home to several local businesses such as the Wallace One Stop Grocery Store, Orval's Barber Shop, and VFJ Equipment Repair. Morrison is an affordable place to live with rent for a two bedroom apartment coming in at $880 per month compared to the US average of $1,430. Additionally, the Grocery Cost Index in Morrison is 93 compared to 100 in the US which means groceries are more affordable than most places in the country. In short, Morrison is an excellent place to live with its low cost of living and access to local businesses.
Morrison has an unemployment rate of 2.7%. The US average is 6.0%.
Morrison has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Morrison
- The Sales Tax Rate for Morrison is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morrison 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 Morrison
- The average income of a Morrison resident is $23,270 a year. The US average is $28,555 a year.
- The Median household income of a Morrison resident is $51,971 a year. The US average is $69,021 a year.