Morgan City, LA is an affordable city located in the southeastern region of Louisiana. According to recent data, 2 bedroom rent in this city is $950 while the US average is $1,430. Additionally, Morgan City's grocery cost index is 94 compared to the 100 of the US. This makes Morgan City a great place for those seeking an affordable lifestyle. Local companies that are found in this area include Mazzone Home Center, Milano’s Pizza & Pasta, Big John’s Seafood Restaurant & Bar and B-Town Convenience Store. With a lower than average cost of living and multiple local businesses to choose from, Morgan City can be a great place for people looking to live affordably.
Morgan City has an unemployment rate of 8.3%. The US average is 6.0%.
Morgan City has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 3.2%, which is lower than the US average of 33.5%.
Tax Rates for Morgan City
- The Sales Tax Rate for Morgan City is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Morgan City 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 Morgan City
- The average income of a Morgan City resident is $23,937 a year. The US average is $37,638 a year.
- The Median household income of a Morgan City resident is $42,877 a year. The US average is $69,021 a year.