Morgantown, IN is a small town located in central Indiana. The cost of living in Morgantown is lower than the US average; rent for a two bedroom apartment is $980 compared to the US average of $1430, and groceries are 4% cheaper. It is home to several local businesses such as K&K Landscaping, Pilkington Auto Repair and J&J Construction Services. Due to its low cost of living and family-oriented atmosphere, it makes for an ideal place to live and work.
Morgantown has an unemployment rate of 3.9%. The US average is 6.0%.
Morgantown has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Morgantown
- The Sales Tax Rate for Morgantown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Morgantown is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morgantown
- The average income of a Morgantown resident is $19,349 a year. The US average is $37,638 a year.
- The Median household income of a Morgantown resident is $39,286 a year. The US average is $69,021 a year.