Morgan, MN is a small town located in the Midwest. It offers a rural atmosphere with plenty of job opportunities from local companies such as Walmart, Hy-Vee, and Fareway Grocery. For those looking to rent a two bedroom apartment in the area, rent prices are quite affordable at $820 compared to the national average of $1,430. Additionally, Morgan’s grocery cost index is 94 versus 100 for the U.S., making groceries more affordable than most places. All in all, Morgan is a great place for those looking for an affordable and relaxing lifestyle.
Morgan has an unemployment rate of 5.5%. The US average is 6.0%.
Morgan has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Morgan
- The Sales Tax Rate for Morgan is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Morgan is 7.1%. 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 $24,388 a year. The US average is $28,555 a year.
- The Median household income of a Morgan resident is $55,114 a year. The US average is $69,021 a year.