Morocco, Indiana is a small town with a population of about 2,000 people. It is located in Newton County and is a great place to live and work. The median two bedroom rent is relatively low at $830 a month, while the grocery cost index comes in at 90 compared to 100 in the US. There are several businesses operating in Morocco such as Crossroads Bank which has an average salary of $45,000 a year, Miller Industries which pays its employees an average of $55,000 annually and Aux Sable Liquid Products LP which offers an annual salary of around $50,000. All these companies provide stability to the local economy of Morocco, IN.
Morocco has an unemployment rate of 5.0%. The US average is 6.0%.
Morocco has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Morocco
- The Sales Tax Rate for Morocco is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Morocco is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morocco
- The average income of a Morocco resident is $20,904 a year. The US average is $28,555 a year.
- The Median household income of a Morocco resident is $48,906 a year. The US average is $69,021 a year.