Morrisville, NC is a town situated in the northern part of Wake County. Home to approximately 24,000 residents, this vibrant town is known for its affordable cost of living and excellent job opportunities. The average 2-bedroom rent is $1,790 which is significantly lower than the national average of $1,430. Grocery costs are also slightly higher in Morrisville with an index score of 102 versus 100 in the US. The town has a thriving economy with major companies such as SAS Institute and Lenovo located there. Residents enjoy the relaxed lifestyle that Morrisville offers while taking advantage of the abundance of employment opportunities available for them.
Morrisville has an unemployment rate of 2.9%. The US average is 6.0%.
Morrisville has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 45.5%, which is higher than the US average of 33.5%.
Tax Rates for Morrisville
- The Sales Tax Rate for Morrisville is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Morrisville is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morrisville
- The average income of a Morrisville resident is $39,229 a year. The US average is $28,555 a year.
- The Median household income of a Morrisville resident is $106,891 a year. The US average is $69,021 a year.