Morgan, KS is a small town in the state of Kansas located near the Missouri border. It is known for its affordable rent and cost of living. According to the data provided, the 2 bedroom rent in Morgan, KS is $840, which is significantly cheaper than the US average of $1,430. Additionally, the grocery cost index for Morgan, KS is 95 versus 100 in the US. This indicates that groceries are even more affordable than rent in this area.
There are many local businesses operating in Morgan, KS such as First State Bank of Kansas City, Sunflower State Game Birds LLC., and Hi Plains Implement. These companies make up the foundation of Morgan’s economy and provide locals with employment opportunities and amenities like banking services and agricultural products.
Morgan has an unemployment rate of 2.0%. The US average is 6.0%.
Morgan has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Morgan
- The Sales Tax Rate for Morgan is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Morgan is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morgan
- The average income of a Morgan resident is $42,434 a year. The US average is $28,555 a year.
- The Median household income of a Morgan resident is $83,125 a year. The US average is $69,021 a year.