Morganville, NJ is an ideal place to live and work. The rent for a two-bedroom apartment in Morganville is much higher than the US average of $1,430, but the cost of living index is still quite low at 108 versus 100 in the US. This makes it an affordable place to raise a family or to start a career. There are several local companies that call Morganville their headquarters such as Roche Pharmaceuticals, Covanta Energy Corporation, and Winding Brook Golf Club. The area also boasts excellent schools, parks, churches, and other amenities that make this town a great place to call home.
Morganville has an unemployment rate of 6.8%. The US average is 6.0%.
Morganville has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Morganville
- The Sales Tax Rate for Morganville is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Morganville 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 Morganville
- The average income of a Morganville resident is $50,942 a year. The US average is $28,555 a year.
- The Median household income of a Morganville resident is $118,845 a year. The US average is $69,021 a year.