Morton, TX Economy


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United States / Texas / No Metro Area / Cochran County / Morton / Zip Codes
Morton, TX is a small town located in the south of Texas. It is a great place to live and work due to its low cost of living and easy access to amenities. The average two bedroom rent in Morton is $720 compared to the national average of $1,430, making it an affordable place to live. Grocery costs are also relatively low with a grocery cost index of 86 compared to 100 in the US.
Local businesses that can be found in Morton include Willie's Cafe, which serves classic home-style cooking; the Morton Feed Store for livestock; and Marquez Auto Repair for automotive needs. There are also many recreational activities available, including nearby lakes for fishing and hiking trails for exploring nature.

Morton has an unemployment rate of 7.1%. The US average is 6.0%.

Morton has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 4.0%, which is lower than the US average of 33.5%.

Tax Rates for Morton
- The Sales Tax Rate for Morton is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Morton is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Morton
- The average income of a Morton resident is $16,105 a year. The US average is $28,555 a year.
- The Median household income of a Morton resident is $35,357 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMorton, TexasUnited States
  7.16
  -4.9%-6.2%
  4.0%33.5%
  7.8%6.2%
  0.0%4.6%
  $21,274$37,638
  $35,357$69,021
  $46,688$85,028
  Population by Occupation
  16.0%1.2%
  7.0%0.5%
  5.3%6.8%
  4.1%10.0%
  0.9%2.5%
  5.8%11.0%
  8.5%4.8%
  2.7%0.8%
  1.5%1.9%
  4.0%4.7%
  0.0%1.9%
  1.1%7.6%
  0.0%0.1%
  1.2%4.2%
  11.1%9.3%
  11.6%14.0%
  0.0%2.1%
  2.3%7.0%
  2.3%4.8%
  14.6%4.7%
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